SOL Consolidates in Symmetrical Triangle; Analyst Sets $160 Breakout Target

After last week's market spike, Solana (SOL) is at a crucial point. From its local lows, the token has risen over 20%, testing a critical supply level around $150.

Many experts and investors believe Solana is about to bounce from this resistance zone. Famous analyst Carl Runefelt recently provided a comprehensive study indicating that Solana might hit new highs within days if the present trend continues.

The market is strengthening, so investors are impatient for Solana's next move. A breakthrough over $150 might establish an upswing and lead to a surge. As SOL approaches this important level, the market will monitor to see whether it can retake higher territory or encounter further resistance.

Solana (SOL) is testing key supply levels that might lead to a price surge. The cryptocurrency is set to break out and confirm a daily advance after days of consolidation.

Many experts and investors await the next move. This possible change comes as the whole crypto market has moved from fear to hope after the Federal Reserve lowered interest rates, revitalizing the industry.

Crypto expert Carl Runefelt revealed that Solana has established a symmetrical pattern in his technical examination of X. If SOL breaks out of this pattern, Runefelt expects a significant uptrend to $160.


The symmetrical triangle, a major technical pattern, usually precedes a big price rise following consolidation.

The market anxiously anticipates a breakthrough as Solana approaches this important level. Investors predict a rise over $150 to cement the rally and boost prices in the coming weeks. All eyes are on Solana's capacity to overcome this barrier and rise.

SOL Technical Analysis: Watch Prices

SOL is trading at $150 after probing the daily 200 MA at $154 as resistance. SOL is consolidating after this technical milestone held the price in check. Investors are hopeful, and growing demand may break current trend.

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