CandleFocus Solana Will Target New ATHs Once It Breaks $160 Resistance – Analyst
2024-10-14
Author: Content Editor
Top analyst and investor Carl Runefelt has shared a technical analysis of Solana, suggesting that it is forming a bullish pattern. If Solana breaks above the $160 resistance level, it could lead to a massive surge and potentially reach new all-time highs. Traders and investors are closely monitoring this resistance level, as the next few days will be crucial in determining Solana's future price action. The cryptocurrency has gained momentum, and if it can maintain its position above the daily 200 moving average, it could pave the way for a challenge of yearly highs around $210. However, if Solana fails to stay above this crucial indicator, a retracement to lower demand levels around $140 may occur.
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