According to Coingabbar Price Analysis, Solana has demonstrated a consistent uptrend in its daily price over the past five days.
This surge marks the first time since 2022 that SOL has reached such a notable price level.
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.
Examination of the 4-hour chart reveals Solana is currently trading within a Bullish Pennant Pattern.
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.
Also read: HELIUM Price Prediction, Correction Make U Turn or Extend its Journey
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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