CandleFocus SOL’s Cup & Handle Retest: Is a $400 Target Within Reach?
2024-12-16
Author: Content Editor
The article discusses Solana (SOL) and its potential for a major rally. The author notes a cup-and-handle pattern on the weekly chart, which is a bullish signal. The neckline of this pattern, located near the $250 level, is seen as a major resistance level. If SOL can break above $250, it could trigger a strong rally. The article also mentions the growth of Solana's ecosystem and its potential for future growth compared to Ethereum. The author believes that the $400 target is within reach for SOL. Overall, the article highlights the technical strength and growing momentum of Solana as a potential contender in the altcoin market.
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