CandleFocus Solana Cup and Handle Formation Suggests Incoming 92% Surge to $375
2024-11-28
Author: Content Editor
Solana (SOL) has experienced a decline in price after reaching an all-time high, but technical indicators suggest potential growth for the cryptocurrency. A "cup and handle" pattern has emerged in the chart analysis, typically signaling a bullish continuation. An AB=CD harmonic pattern also indicates a potential surge in price. However, confirmation of the breakout will depend on a weekly candle close above key resistance levels. Solana's ecosystem, including its Total Value Locked (TVL), has shown resilience and growth, indicating further potential for the cryptocurrency.
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