What To Expect If Solana Price Breaks The $200 Resistance??
The post What To Expect If Solana Price Breaks The $200 Resistance?? appeared on BitcoinEthereumNews.com. Solana (SOL) price has captured significant market attention, surging over 70% from its $100 support level to test the crucial $185 resistance zone. With technical analysts identifying several indicators pointing to a possible breakout, investors are looking at the possibility for price to rally from $200 to $350. Solana Price Accumulation Range and Key Resistance Zones Following the breakout at $100, Solana price surged over the next three days and hit $185, according to AltCrypto. This specific area mirrors previous levels of resistance indicated by past price actions. A break above this resistance is necessary for bulls looking to hit the $250 and $350 price levels. Source:AltCrypto, X The price has moved in a narrow range between $115 and $190 for an extended period. As noted by crypto analyst Four Crypto Spaces, this recent consolidation could lead to a breakout in the market. Moving past the $200 resistance was likely to prove catalytic to the price rallying as far as $350. The tweet revealed a projected movement of the altcoin following the break of the $200 mark, with expectations of further increase to the $350 price level. Source: Four Crypto Spaces, X SOL Cup-and-Handle Pattern Signals Bullish Outlook Furthermore, crypto analyst Ali Martinez identified a highly recognizable cup-and-handle pattern in Solana’s weekly price chart. This bands’ widening is one of the strongest bullish confirmation signals, usually suggesting a notable upside move. The curved shape of the cup indicates a period of retreat or consolidation, while the short handle argues for a continuation of the fall before reversal. Source: Ali Martinez, X Notably, the critical level for confirming this pattern aligns near $200, making it a crucial threshold for Solana’s next major move. If this level is broken, the measured move from the cup’s depth suggests a potential target near $350,…
The post What To Expect If Solana Price Breaks The $200 Resistance?? appeared on BitcoinEthereumNews.com.
Solana (SOL) price has captured significant market attention, surging over 70% from its $100 support level to test the crucial $185 resistance zone. With technical analysts identifying several indicators pointing to a possible breakout, investors are looking at the possibility for price to rally from $200 to $350. Solana Price Accumulation Range and Key Resistance Zones Following the breakout at $100, Solana price surged over the next three days and hit $185, according to AltCrypto. This specific area mirrors previous levels of resistance indicated by past price actions. A break above this resistance is necessary for bulls looking to hit the $250 and $350 price levels. Source:AltCrypto, X The price has moved in a narrow range between $115 and $190 for an extended period. As noted by crypto analyst Four Crypto Spaces, this recent consolidation could lead to a breakout in the market. Moving past the $200 resistance was likely to prove catalytic to the price rallying as far as $350. The tweet revealed a projected movement of the altcoin following the break of the $200 mark, with expectations of further increase to the $350 price level. Source: Four Crypto Spaces, X SOL Cup-and-Handle Pattern Signals Bullish Outlook Furthermore, crypto analyst Ali Martinez identified a highly recognizable cup-and-handle pattern in Solana’s weekly price chart. This bands’ widening is one of the strongest bullish confirmation signals, usually suggesting a notable upside move. The curved shape of the cup indicates a period of retreat or consolidation, while the short handle argues for a continuation of the fall before reversal. Source: Ali Martinez, X Notably, the critical level for confirming this pattern aligns near $200, making it a crucial threshold for Solana’s next major move. If this level is broken, the measured move from the cup’s depth suggests a potential target near $350,…
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