SOL Price Prediction, Bulls Set Sights on Dizzying New Highs
- SOL price poised for a potential surge beyond $150, backed by robust fundamentals and a positive technical outlook.
- Prospects of Bitcoin ETF approval could trigger a substantial rally for both Solana and Retik Finance.
- Co-founder of Solana Labs actively interacts with the crypto community, tackling security concerns, and suggesting solutions to bolster ecosystem security.
SOL price eyes upside break above $127 resistance, supported at $100.
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According to Coingabbar Price Analysis, SOL price initiates a fresh rally, surging over 10% and surpassing $105, with indications of further momentum.
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Breaking above the $100 resistance against the US Dollar, SOL sets the stage for a potential upside break above the $127 resistance zone.
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A White Marubozu candle forms after yesterday's Morning Star, signaling bullish momentum in the SOL price.
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Daily chart analysis reveals a rounding bottom pattern in Solana's recovery trajectory.
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Crucial support at the 100EMA on the 4-hour chart prompts a U-turn in SOL price, reinforcing the positive outlook.
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The potential for a continued rally exists if there's a clear breach above the $118 resistance level.
KEY LEVELS :
RESISTANCE LEVEL : $118.50-$124.00
SUPPORT LEVEL : $110.00-$105.00
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.
