Solana (SOL) has experienced a bullish rally, breaking above a key resistance level of $140 and reaching a high of $160. Analysts believe that SOL could be heading for a massive bull run in October. Some analysts predict that SOL could challenge the cycle's high above $200 and potentially reach even higher targets. However, there is also the possibility of a pullback before any further upward movement. Multiple indicators suggest a correction is due, but the scope of the decline is still uncertain. Traders are closely watching SOL's chart patterns, with some speculating that it may be forming an Adam and Eve double-bottom pattern. If SOL successfully reclaims the key support level, it could see a breakout towards the $200 resistance level.
- Content Editor ( newsbtc.com )
- 2024-09-28
Analysts Think Solana Could ‘Go Nuts’ As SOL Price Retests $160 Resistance