CandleFocus Solana (SOL) Weekly Chart Targets $300 Breakout Following Bullish Setup
2024-12-08
Author: Content Editor
Solana (SOL) is showing signs of a significant breakout as its weekly chart forms a bullish bull flag pattern. This suggests that the altcoin's price could continue to rise, potentially surpassing its all-time high of $264.66 and reaching $300. The increase in Solana's social volume also indicates rising demand and interest in the cryptocurrency. Additionally, on the daily chart, SOL is trading above the Ichimoku Cloud, signaling strong support. However, if resistance is encountered, the price could drop to $215.17.
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