According to Coingabbar Price Analysis, SOL reached a peak exceeding $95, marking its highest point in 20 months.
Sol's price experienced a strong recovery post breaking the descending trendline on December 20th.
SOL , supported by institutional investors, approaches $100, securing the fourth position with a $42 billion market cap, surpassing XRP.
The daily chart illustrates a robust rally after breaching the Wedge pattern, reaching a high close to $100.
On the weekly chart, Solana displays a Rounding Bottom Pattern, contributing to its upward surge.
The potential for SOL to experience further growth remains high following its successful clearance of the $100 resistance levels.
As SOL nears the psychological level of $100, traders are advised caution, considering a possible retracement.
KEY LEVELS :
RESISTANCE LEVEL : $97.00-$100.00
SUPPORT LEVEL : $91.00-$88.00
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.