From Bullish Flags to Market Brags: SOLANA Price Prediction

Key Takeaways
  • 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.
25-12-2023 By: Lokesh Gupta
From Bullish Flags to Market Brags: SOLANA Price Prediction

SOLANA breaks $100 resistance, surges on high volume, signals rally.

  • 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.

WHAT'S YOUR OPINION?
Related News
Related Blogs