Solana Prepares For 20% Rally—Can He Recover $180?

Solana is trading over $140, indicating strength ahead of a possible move higher. After a small 5% boost on Friday, investors and experts are more bullish about Solana's future.

Solana still confronts major resistance levels that might slow its rise. Given crypto's volatility, some market players remain concerned despite the recent gain. If Solana maintains support and breaks resistance, the next few months might determine its long-term price movement.

Can SOL profit from its recent advances and achieve new highs, or will market headwinds slow it? By year's end, investors want to see how this plays out.

Supplies tested by Solana
Since mid-March, Solana has traded between $210 and $110, dividing investors. Some regard this price activity as consolidation, while others expect a breakout. Famous analyst and entrepreneur Carl Runefelt recently provided a technical analysis on X that showed SOL creating a bullish triangle formation.

If Solana breaks out of its triangular pattern, Runefelt predicts a rapid rise to $176 in the next weeks. This would be a major milestone for SOL and a huge trading increase. The price has failed to overcome $160 barrier since early August, but Runefelt says a triangular breakthrough might drive the price far past this obstacle.


Solana might rise 20% if it breaks above these important levels, with bullish momentum propelling it higher. Investors are following these moves since a breakthrough might halt Solana's sideways trading and launch a fresh uptrend. SOL may reach new highs and establish its status as a top cryptocurrency if it can hold support and continue rallying.

SOL Technical Analysis: Watch Zones

From local lows at $135, Solana (SOL) rose 7% to $145. Price has risen over the daily 200 exponential moving average (EMA) at $140, indicating short-term trend strength. SOL is 4% off the 200 MA at $152, a stronger, longer-term trend indication.



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