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SOL just hit a new yearly high, nearing its all-time high of $260.
Bullish Pattern: Analysts are spotting a strong “cup-and-handle” pattern on the monthly chart, suggesting a potential surge to $400.
Booming Ecosystem: Solana’s DEX volume has skyrocketed, surpassing major networks like Ethereum and BNB Chain. This indicates rapid growth and strong community support.
Strong Fundamentals: Positive on-chain metrics and increasing buy volume are further fueling the bullish momentum. Is a massive price surge on the horizon for Solana?
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Up 24.29% to $0.5562, with a recent high of $0.6370. Strong volume (1.14B ACT, 596.54M USDT) fuels this impressive recovery from $0.0196. The $0.6370 level is a key resistance. If bulls break through, we might see a retest and potentially a new high. Be cautious of a potential pullback before the next leg up.
While the trend is bullish, remember to manage risk in this volatile market.
$AGLD is taking a hit, down 14.44% to $1.357 after its recent peak. Sellers are in control, pushing the price towards key support at $1.329.
Low volume suggests potential exhaustion, but MACD signals bearish momentum.
Bulls need to reclaim $1.393 to reverse the trend. A short-term dip or consolidation could offer buying opportunities, but be cautious as volatility increases.