CandleFocus Solana Price Surge Confirmed? Just One Step Away from a 35% Rally
2024-09-10
Author: Content Editor
Solana (SOL) has recently seen a notable price surge and increased trading volume, gaining attention from crypto enthusiasts. The cryptocurrency has experienced a 5% surge in the last 24 hours and is currently trading near $134.6. Expert technical analysis suggests that if SOL can break through the $135 resistance level, it may rally up to 35% to reach $185. SOL appears bullish despite trading below the 200 EMA, with the RSI forming a bullish divergence. On-chain metrics, such as the SOL OI-Weighted Funding Rate and the Long/Short ratio, also indicate bullish sentiment. However, for this bullish outlook to hold, SOL must break the resistance level and close a daily candle above $138.
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