CandleFocus Solana Price Set to Hit $165 Level Soon, Here’s Why
2024-09-25
Author: Content Editor
Solana (SOL) has broken out of a consolidation zone and is showing signs of a bullish rally. It is currently trading near $153.2, with a price surge of over 7.2% in the past 24 hours. Technical analysis suggests that SOL is trading above the 200 Exponential Moving Average (EMA), indicating an uptrend. If SOL closes its daily candle above $151.5, it could potentially rise by 13% to reach $165 or higher. On-chain metrics, such as SOL's long/short ratio and future open interest, also indicate strong bullish sentiment among traders.
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