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Solana Price Prediction: SOL Bulls Set Sights on $150

09-Feb-2024 By: Lokesh Gupta
Solana Price Prediction: SOL Bulls Set Sights on $150

Solana price projection 2025 will be close to $1502

  • #Solana price breached the $100 mark, indicating a bullish turnaround.

  • Following a trendline breakout, SOL price is sustaining above the 50-day EMA, serving as dynamic support.

  • A potential inverted head and shoulders pattern has formed, with the neckline breached at $102.

  • The altcoin is gearing up for a breakout of a multi-contact resistance level, potentially solidifying the bullish trend.

  • SOL's price rebounded over 4.40% in the past day, recovering from a network outage earlier in the week.

  • Additionally, Solana news indicates that the network is stabilizing after the outage.

  • The current situation completes a rounding reversal from dynamic support, further indicating bullish sentiment.

  • Based on these technical indicators, $SOL exhibits high potential for a run beyond $125.

  • According to Coingabbar's analysis, Solana price predictions 2030 remain at $300, whereas Solana price prediction 2040 is in the $500 area.

KEY LEVELS :

RESISTANCE LEVEL : $110-$118

SUPPORT LEVEL : $100-$94

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

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