From Bullish Flags to Market Brags: SOLANA Price Prediction
- Solan has witnessed a significant deviation from its usual price trends, reaching a yearly high and surpassing previous patterns.
- Solana witnessed a notable boost in its value, thanks to the impressive run of the dog-themed meme coin, Bonk, which saw a significant surge in late November.
- This surge propelled Solana to outshine Binance Coin, securing its spot as the fourth-largest cryptocurrency based on market capitalization.
SOLANA breaks $100 resistance, surges on high volume, signals rally.
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According to Coingabbar Price Analysis, Solana has demonstrated a consistent uptrend in its daily price over the past five days.
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This surge marks the first time since 2022 that SOL has reached such a notable price level.
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Over the last three months, Solana has showcased a remarkable recovery in the daily timeframe, experiencing a parabolic ascent from $21.00 to a current trading level of approximately $114. This represents a striking 450% increase.
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Examination of the 4-hour chart reveals Solana is currently trading within a Bullish Pennant Pattern.
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The main question that remains unanswered is whether this recent surge signifies the beginning of a sustained uptrend or if it's just a fleeting market surge.
KEY LEVELS :
RESISTANCE LEVEL : $115.00-$118.50
SUPPORT LEVEL : $107.00-$102.00
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
