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Solana Breaks Above Key Resistance – Top Analyst Sets $300 Target

Author: Content Editor
Solana has broken through a crucial resistance level, generating optimism among investors. Analyst Carl Runefelt believes that if the breakout holds, Solana could reach a target price of $300. The market sentiment and trading volume in the coming days will determine if this breakout is sustained. Solana must maintain its upward momentum and establish support above the previous resistance to confirm the breakout. The Federal Reserve's interest rate decision will also impact Solana's direction, with a rate cut potentially fueling the rally. Solana is currently testing a critical supply level and needs to break above and hold $190 as support. Failure to do so could result in a consolidation phase. If Solana holds above $180, the uptrend can continue, with potential yearly highs in sight. Otherwise, a drop below $180 could shift the momentum and risk the current uptrend.

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