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Solana (SOL) Ripe For Price Discovery, Analyst Eyes $600 Target Newsbtc 27 Ağu 2024

Solana (SOL) Ripe For Price Discovery, Analyst Eyes $600 Target 🚀

Market watchers have praised Solana (SOL) for its strong performance throughout the month. Despite market shakeouts, SOL, the fifth-largest cryptocurrency by market capitalization, has reclaimed the $160 support level. Analysts suggest that Solana might be poised for a rally towards a new all-time high (ATH) soon.

In August, Solana’s strength was evident as it weathered market retraces. SOL dropped over 30% to $110 but recovered, moving sideways between $140-$155 until recently. Market watchers believe the token was in a 'great place' for accumulation, predicting it would take off as soon as Bitcoin surged.

With Bitcoin’s price propelling 10%, SOL soared 13.9% in the last three days, breaking above the $155 resistance. Solana’s bullish sentiment among investors and experts was further solidified. Analyst Ali Martinez remarked that clearing the $164 resistance could see a 33% surge to $220, while Altcoin Sherpa highlighted the $165 resistance level as crucial.

Solana’s current price action mirrors its behavior three years ago, according to analyst Jelle. This resemblance suggests a potential rally to a new ATH between $450-$600 this cycle. Currently trading at $160, SOL has seen a 2% daily and 13.9% weekly surge.

Kaynak: www.newsbtc.com ↗

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Solana Poised for October Bull Run: Analyst Predicts Potential Surge to $180
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Solana Set for Potential Rally Despite $100 Correction Warnings
Exploring Potential Outcomes for Solana (SOL) as Market Dynamics Shift: Can Bulls Spark a Rebound? Coinotag 18 Eki 2024
Exploring Potential Outcomes for Solana (SOL) as Market Dynamics Shift: Can Bulls Spark a Rebound?
Could Solana (SOL) Be Poised for a Rally Towards $350 Amidst Growing Bullish Sentiment? Coinotag 4 hafta önce
Could Solana (SOL) Be Poised for a Rally Towards $350 Amidst Growing Bullish Sentiment?
Why Solana (SOL) is the Top Asset Choice Ahead of Election Volatility Coinotag 3 hafta önce
Why Solana (SOL) is the Top Asset Choice Ahead of Election Volatility
Solana’s 260% Annual Gain Highlights Potential Amid Mixed Market Signals and Increased Supply Concerns Coinotag 1 hafta önce
Solana’s 260% Annual Gain Highlights Potential Amid Mixed Market Signals and Increased Supply Concerns
Potential Growth Ahead for Solana (SOL) as Market Remains Bullish Coinotag 1 hafta önce
Potential Growth Ahead for Solana (SOL) as Market Remains Bullish
Could Solana Potentially Quadruple to $560 by 2025? Analyst Highlights Key Factors Impacting Growth Coinotag 11 Eki 2024
Could Solana Potentially Quadruple to $560 by 2025? Analyst Highlights Key Factors Impacting Growth
Possibilities for Solana’s Price: Could It Approach Its All-Time High Amid Rising Interest and Speculation? Coinotag 5 gün önce
Possibilities for Solana’s Price: Could It Approach Its All-Time High Amid Rising Interest and Speculation?
Solana Stands at a Critical Crossroads: Could Bullish Indicators Signal a Breakout Amid Mixed Market Reactions? Coinotag 4 hafta önce
Solana Stands at a Critical Crossroads: Could Bullish Indicators Signal a Breakout Amid Mixed Market Reactions?
Solana Price Momentum Shows Optimism Amid Overbought Conditions: What to Expect Next Coinotag 3 hafta önce
Solana Price Momentum Shows Optimism Amid Overbought Conditions: What to Expect Next
Will Solana (SOL) Price Rally Continue After FTX’s Major Token Movements? Coinotag 12 Eyl 2024
Will Solana (SOL) Price Rally Continue After FTX’s Major Token Movements?
Solana (SOL) Set for a Bullish Reversal as Trading Volume Surges Despite Price Correction Coinotag 27 Ağu 2024
Solana (SOL) Set for a Bullish Reversal as Trading Volume Surges Despite Price Correction
Exploring the Potential Paths for Solana (SOL) Prices: Can Increased Adoption Overcome Resistance Challenges? Coinotag 07 Eki 2024
Exploring the Potential Paths for Solana (SOL) Prices: Can Increased Adoption Overcome Resistance Challenges?