your analysis is wrong, SOLANA will still look for the support it has been lacking since the beginning of the cycle. Between 145 and 167USD
TheCoinRepublic
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Will Solana Spark Altseason in 2025 with a Break Above $205?
Solana’s ($SOL ) price momentum has the crypto community buzzing. With SOL pushing toward $205 and beyond, analysts believe a breakthrough could ignite a broader altseason in early 2025. Here’s what you need to know: Key Technical Insights 📊 Strong Support Base: SOL established firm support at $184.20, bouncing repeatedly without breaking lower.
📈 Critical Resistance Levels Crossed: SOL has surged past $193.44 and $204.64, now challenging the key $205 level.
🔥 Uptrend Confirmation: A sustained break and hold above $205 could signal the start of a prolonged rally. Solana’s Outperformance 🔹 Surpassing BTC and ETH: Since December 2022, SOL has consistently outpaced Bitcoin and Ethereum in realized capital growth, boasting impressive performance on 389 of the past 727 trading days.
🔹 Investor Confidence: Peaks in Solana’s realized cap align with price surges, reflecting heavy capital inflow and market trust. Could Altseason Begin in January 2025? 📅 Historical Patterns Align: Similar to 2020, the Total 2 (TOTAL2) index shows a consolidation and breakout trend in 2024.A breakout candle in November 2024 mirrors pre-2021 movements, suggesting an explosive altseason may follow. 💡 Prediction: Trader Tardigrade sees a five-month altseason rally from January to May 2025, reminiscent of the exponential growth seen in early 2021. The Bigger Picture With Solana’s meteoric rise and the broader market poised for a potential altseason, SOL could play a pivotal role in shaping the crypto landscape in 2025. 💬 Do you think Solana will lead the next altseason? Share your thoughts below! #solana #crypto2025 #CryptoNews #TheCoinRepublic #crypto
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