Solana Breakout Suggests Potential Rally Toward $1,315 Amid Key Support Levels and Technical Strength
Main Idea
Solana has broken out of a cup and handle formation, targeting a potential rally toward $1,315, with key support levels at $136 and $74 indicating strong bullish momentum.
Key Points
1. Solana's breakout from a cup and handle formation targets $1,315, with $1,200 possible by Q4 2025 if the trend sustains.
2. Key support levels are at $136 and $74, while resistance levels are at $184 and $295.
3. Technical indicators show SOL above major SMAs with an RSI of 57.12, suggesting room for further gains.
4. The breakout occurred near $136, with the price advancing to $179.97, marking an 11.15% daily gain.
5. Fibonacci retracement levels are marked at $74.37, $136.16, and $295.11, with projections extending to $787.43 and $1,314.41.
Description
Solana has broken out of a cup and handle formation, targeting $1,315. Key support levels are at $136 and $74, indicating strong bullish momentum. Solana’s breakout targets $1,315, with $1,200
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