On January 23, 2024, the trend for Solana bottomed out at $79, marking a potential turning point as signs of recovery emerged.
A morning star pattern, aligning with the $80 support and the 38.20% Fibonacci retracement, suggests a promising bullish reversal.
#Solana price has increased by 30% in the last seven days.
Yesterday, the daily chart displayed a breakout from the descending channel pattern, indicating a shift in market dynamics.
Solana's price shows resilience above the 100-day Moving Average and an Ascending Trendline on the daily chart, strengthening the bullish sentiment.
If bulls keep the price above the trendline, SOL's next targets are $110 resistance, possibly extending to $120.
If the trendline is breached in a reversal, it may weaken momentum, causing $SOL price to potentially test $90 support soon.
According to Coingabbar's analysis, Solana #priceprediction 2030 remains around $300, while the Solana price prediction 2040 suggests a minimum value of $500.
KEY LEVELS :
RESISTANCE LEVEL : $107-$113
SUPPORT LEVEL : $100-$95
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