Solana (SOL) has experienced a significant correction from its all-time high but has shown resilience and a promising long-term outlook. Analysts are optimistic about Solana's potential to outperform once the market regains momentum. Renowned analyst Carl Runefelt believes that Solana has successfully retested a massive triangle pattern, suggesting a potential significant rally in the near future. However, the broader market remains uncertain, with Bitcoin struggling to regain the $100K level. Solana has shown resilience by holding the 200-day EMA at $175 and continues to make higher lows on a weekly timeframe. Holding above the 200-day EMA could pave the way for a broader rally, but losing this support could lead to increased selling pressure.
- Content Editor ( newsbtc.com )
- 2024-12-23
Solana Holds Weekly Support At $180 – Analyst Expects $330 Mid-Term