CandleFocus Solana Stays Strong Despite BTC Drop – $176 Next?
2024-10-23
Author: Content Editor
Solana (SOL) is currently holding strong above the $160 mark despite short-term volatility and a broader market dip. Analyst Carl Runefelt suggests a potential surge for SOL in the coming days, with a target of $176. This analysis is based on bullish patterns, but concerns about a broader market correction could impact Solana's price. SOL recently broke above the $160 resistance level, signaling a potential shift in the monthly trend and continued bullish momentum. Traders are cautious until a breakout occurs, but if it does, it could lead to a significant rally for SOL. Holding above $160 reflects investor confidence, and the coming days will determine if SOL can maintain its bullish momentum.
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