CandleFocus Solana Price Prediction: $160 Next as Massive Institutional Support Emerges
2024-09-19
Author: Content Editor
The article discusses the bullish price prediction for Solana (SOL) despite its recent failure to breach the key resistance level at $138. The article highlights the growing institutional interest in Solana, with significant investments pouring in during September. Institutional support is seen as a driving force behind the cryptocurrency's price growth. The article also mentions positive macro momentum indicated by the Chaikin Money Flow indicator. While breaching the $138 level could push SOL towards $155 and $160, the article suggests that sustaining bullish momentum and overcoming higher resistance levels remain challenges. Failure to breach $138 could lead to a decline in SOL's price.
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