Analyst Reveals Why Solana (SOL) is in Early Stages of Bullish Breakout Targeting $1,315
Main Idea
Analyst Ali Chart predicts Solana (SOL) is in the early stages of a bullish breakout, potentially reaching $1,315, based on technical patterns and recent price movements.
Key Points
1. Analyst Ali Chart suggests Solana (SOL) is poised for a bullish breakout and may test the $187 price level.
2. SOL has broken into the $180 price range and shows potential for a long-term surge to $1,315, according to the analyst.
3. The analyst identifies a 'Cup' pattern, indicating a U-shaped recovery, which supports the bullish outlook.
4. At the time of reporting, SOL was trading at $191, with a 24-hour gain of 8.87%.
5. The article includes a disclaimer noting the volatility of cryptocurrencies and advising independent research before investment.
Description
This move could position the 6th most valued cryptocurrency by market cap to continue in an upward trajectory.
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