CandleFocus Analyst Foresees 2,500% Solana Rally to $4,500 as SOL Forms Bullish Pattern Near $170
2024-10-21
Author: Content Editor
Solana (SOL) has gained attention in the crypto community as it rallies to a two-month high of $171.43, marking a 55% rebound from its August low. An analysis suggests that Solana could experience a 25X surge as it forms a bullish "cup-and-handle" pattern on its price chart. If Solana breaks through the handle's resistance level, it could potentially rally to $4,500, representing a 2,547% growth. However, some market watchers believe that a more realistic target for SOL is $450, casting doubt on the ambitious projection. Additionally, skeptics argue that the cup-and-handle pattern does not support the likelihood of a major surge for SOL.
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