Solana price surges, skyrocketing 9% after retesting! It may potentially rise up to 5 times in the future.

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Solana (SOL) saw a price increase of 9% today, successfully retesting key support levels. With whales actively participating, Solana is accumulating strong buying pressure. Technical charts indicate that SOL is poised for a full recovery, and many crypto analysts believe this is just a normal pullback after a breakout, paving the way for further gains.

Solana's strong performance against market expectations

Compared to Bitcoin and Ethereum, Solana's performance stands out on multiple indicators. In November, Solana reached an all-time high, attracting 53% of global crypto users, with adoption rates continuously improving. However, the recent price pullback has raised concerns in the market. Nonetheless, analysts generally believe this is just a normal breakout and retest, and the current upward trend is part of a healthy trend rather than a bearish signal.

Technical charts show signs of a full recovery

Solana's price chart shows a rebound from the key support near the 200-day SMA (simple moving average), providing an opportunity for SOL to break through the VWAP (volume-weighted average price) since the September low. Analysts suggest this indicates that Solana is likely to continue following the bull market recovery.

Future trends and altcoin season

Despite Bitcoin facing uncertainties, Solana and other altcoins are still viewed positively. With ongoing purchases from whales, Solana may form stronger bullish momentum and continue to rise in the coming months. According to technical analysis, the next target resistance level is at the 5-day SMA; once broken, Solana will continue to rise.

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