CandleFocus Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target
2024-10-27
Author: Content Editor
The article highlights the importance of the $171 and $180 levels for Solana (SOL). Currently, Solana has successfully turned the $171 level from resistance to support, indicating increased demand and potential for further upward momentum. Analyst Carl Runefelt also points out the significance of a head and shoulders pattern in SOL's price action, with a successful neckline retest confirming the bullish trend's strength. The target price is set at $202 in the short term if SOL maintains above the neckline. However, breaking below $171 could lead to a more cautious outlook and a potential retracement. Traders and investors are closely watching these levels to determine the future direction of SOL.
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