CandleFocus 2 Key Catalysts Poised to Push Solana (SOL) to a New All-Time High
2024-11-24
Author: Content Editor
Solana (SOL) recently reached a new all-time high of $264.39 but has since experienced a 3% correction, bringing its price to $255.12. Despite this pullback, there are two reasons why the altcoin may reach a new all-time high soon. Firstly, its price is currently above the green line of the Super Trend indicator, indicating an uptrend. Secondly, the coin's price is significantly above its Ichimoku Cloud, confirming a bullish trend. If buying pressure strengthens, SOL's price could surpass its previous all-time high, but if profit-taking occurs, the price may drop to $231.35. A fall below this level would invalidate the possibility of a new all-time high in the near term.
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