According to the analysis, Solana's price has retested the $220 level for the first time since November 2021, leading to speculation that it may reach new all-time highs. The breakout from a bull flag pattern on the weekly chart supports this prediction, with a mid-term target of $320.83. The Bull Bear Power (BBP) indicator on the daily chart also suggests positive momentum and the possibility of further price increases. Additionally, the Parabolic SAR indicator indicates a continuation of the uptrend, with potential for Solana's price to reach $260 and possibly higher. However, if the dotted lines of the Parabolic SAR rise above the price, the prediction may be invalidated, and the value could drop below $200.
- Content Editor ( beincrypto.com )
- 2024-11-14
Solana (SOL) Bull Flag Hints at Extended Run Above $260 After Robinhood Relisting