#SOLANA : Will $SOL Rally Higher ⁉️
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• Solana has been outperforming Bitcoin, which is a positive sign.
• It broke above $140, but hasn't broken out yet and has fallen back below $140.
• Solana's momentum increased significantly in the afternoon, with many long orders.
1️⃣ Short-term and Long-term Outlook:
• Short-term: slightly bullish on Solana.
• Long-term: neutral, still in consolidation phase.
2️⃣ Bitcoin's Impact
• Bitcoin's movement is crucial for Solana's performance.
• If Bitcoin breaks above $58,400, it could lead to more bullish momentum in the markets.
• If Bitcoin turns bearish, Solana will likely fall back down.
3️⃣ Next 24 Hours:
• New volume and capital will enter the markets, which could impact Solana's price.
• Waiting for the next momentum to kick in is crucial.
4️⃣ Trading Advice:
• Don't buy Solana right now, wait for more confirmation (e.g., bullish Bitcoin or more momentum).
• If Solana breaks above $144, it could go up to $155.
• Be cautious of a potential pullback in Solana's price.
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