CandleFocus Solana (SOL) Consolidates in Symmetrical Triangle – Analyst Reveals $160 Target On Breakout
2024-09-25
Author: Content Editor
Solana (SOL) is currently testing a crucial supply level around $150, which could lead to a significant rally if it breaks out. Analysts and investors are closely watching for a confirmation of an uptrend, as the entire crypto market has turned optimistic. Analyst Carl Runefelt predicts that if SOL breaks out of a symmetrical pattern, it could trigger a substantial upward move with price targets around $160. However, if SOL fails to break above the daily 200 moving average (MA) at $154, it could signal a shift in sentiment and a potential retracement to key support levels. Investors are eagerly awaiting SOL's next move to determine its near-term direction.
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