Solana will surplus $260 or more in few months ? 🎉
🚧 Remarkable surge upcoming, expert claims 🔥
📈 As the overall market recovery gains momentum following a 10% surge in Bitcoin, Solana's price trajectory returns to a bullish course. With a significant intraday rise of 13.05%, SOL is striving to recover from the 13.37% dip experienced just a day before.
🎯 Currently inching closer to the psychological barrier of $200, SOL is poised for a potential breakout. Anticipation mounts as Bitcoin aims to reclaim its $73,000 valuation, setting the stage for a possible breakout rally in Solana's price.
🚀 In the weekly chart, signs of a bullish reversal in Solana's long-term trend fuel optimism among sideline traders, heightening expectations of a bullish run surpassing the $200 milestone.
📊 With a noticeable long tail in the ongoing weekly candle, SOL reflects a substantial underlying demand, hinting at the potential for a new 52-week high. Despite a minor 0.70% intraday pause, the surge in trading volume accompanying the 13% overnight jump hints at a continuation of the trend.
🔍 Technical indicators, particularly the MACD, signal a positive flow favoring buyers, suggesting a high probability of an uptrend continuation in Solana.
💡 Amid the ongoing reversal rally and Fibonacci retracement, buyers dominate Solana's price trend. As SOL prepares to breach the 78.60% Fib level and the $200 mark, buyers set their sights on higher levels. With a remarkable 883% surge in the last 175 days, the breakout potential is reinforced.
🎯 Should the uptrend overcome crucial resistance levels, Solana's market value could soar to $260 by month-end, marking a significant milestone in its upward trajectory.
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