Solana Could ‘Go Parabolic’ Today: Analyst Targets $370
Solana (SOL) broke over $160 barrier, a key mark since early August. This breakthrough confirms an uptrend, exciting investors as Solana rises.
Analysts established positive price forecasts for Solana's future movements as the market recovers.
Carl Runefelt, a top analyst and investor, has predicted that Solana may reach $370 in the next months. Once Solana breaks over its high timeframe bullish pattern, he expects a big rise for the cryptocurrency.
Solana's price activity is widely watched for confirmation of this upward trend, which investors expect to continue. Recent breakthrough and market optimism imply Solana may perform well soon.
Solana Rally Prep
Solana may reach annual or all-time highs. Market bullishness suggests SOL will benefit in the next months.
According to crypto researcher Carl Runefelt's technical study on X, Solana might go parabolic today. He notes that SOL is breaking out of a big Cup & Handle pattern, a bullish configuration seen on higher timeframes. Solana may climb to $370 if this trend holds.
The Cup & Handle pattern often predicts substantial price changes, especially when the handle completes and breaks upward. This breakout might boost Solana's price to new highs. SOL investors expect a price increase in the next days as the crypto sector gains pace.
The next two weeks might determine if Solana can keep its bullish momentum and reach new highs. If Solana breaks out and capitalizes on market optimism, investors may reap big profits.
Sol Testing Supply
Solana trades at $166 after breaching $160 barrier. It was rejected at $171 supply zone. This level had mild support in late July but now resists.
If SOL breaks over this resistance, investors may take gains or reposition around $188, a greater supply level.
Although current market movement signals gain, investors wouldn't be surprised by a solid retreat to test $160 barrier as support. A pullback might strengthen SOL's positive momentum.
