CandleFocus Analysts Predict Solana Price Could Reach $200
2024-11-04
Author: Content Editor
Solana (SOL) has seen a significant surge in price, reaching $180 after a double-bottom pattern breakout. While there has been a retracement towards the 20-day EMA, the short-term bullish trend remains intact. Analysts are optimistic about Solana's potential, with price targets of $200 and $210 being mentioned. The price action shows signs of buyer accumulation, and indicators such as the ADX and CMF suggest a neutral to bullish outlook. The active addresses data remains flat, suggesting a loss of interest from new investors. Overall, Solana is poised for further upside if it can maintain support around $160 and break through key resistance levels.
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