CandleFocus Solana About To Target $250 If It Breaks Key Supply Level – Analyst
2024-11-17
Author: Content Editor
Solana has been experiencing volatility in its price, ranging between highs and lows. Analysts believe that a break above the $225 resistance level could lead to a rally towards $246 and potentially new highs. The movement of Bitcoin, which is nearing its all-time high, could also impact Solana's performance. Traders are closely monitoring both Solana and Bitcoin to see if Solana can break out of its range. Runefelt, a key analyst, predicts a potential 12% surge for Solana if it can breach the $246 resistance level. The coming days will be crucial in determining Solana's direction and whether it can solidify its position as a leading altcoin. Holding above the $200 support level is essential, and breaking and holding above the $225 resistance level is pivotal for affirming Solana's bullish trend. A decisive breakout could attract new buyers and fuel momentum towards all-time highs.
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