Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout
2025-07-10 09:55:22
Main Idea
Solana (SOL) is showing bullish signals with a breakout from a triangle pattern, targeting $164, but risks invalidation if it falls below $147.
Key Points
1. Solana has broken out of a triangle pattern and reclaimed key support, with analysts targeting $164 if it holds above $153.54.
2. The bullish setup could be invalidated if SOL drops below $147, a crucial psychological and technical support level.
3. Trading volume has spiked as SOL nears $158, indicating renewed upward momentum.
4. Analysts like Ali Martinez and Crypto Patel highlight the breakout but emphasize the importance of maintaining key support levels.
5. Solana's current price is $157.35, up 3% in 24 hours, with a market cap of $84.24 billion and trading volume exceeding $5.2 billion.
Description
Solana breaks out of triangle pattern, targets $164 after reclaiming key support Analysts confirm bullish setup, but warn invalidation if SOL falls below $147 Trading volume spikes as SOL nears $158, hinting at renewed upward momentum Solana ($SOL) is once again stirring up excitement in the crypto world, as analysts believe a new rally could be underway. The token has broken through a key resistance level, and its technical setup suggests the potential for significant gains. With prices current...
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