Solana Price Prediction: Will SOL’s 11.9% Weekly Momentum Carry It Towards All-Time Highs?
Main Idea
Solana (SOL) has shown an 11.9% weekly price increase, with analysts predicting further bullish momentum based on a 'cup and handle' pattern, while also highlighting technical indicators and resistance levels.
Key Points
1. Solana (SOL) has climbed 11.9% over the past week, reclaiming the $180 zone and signaling renewed bullish momentum.
2. A bullish 'cup and handle' pattern identified by crypto analyst Ali Martinez projects a potential price surge to $1,315, a 630% increase from current levels.
3. Key resistance levels on the way up include $380, $752, and $1,048, with a market cap potentially reaching $710 billion if the target is met.
4. Technical indicators show bullish momentum with RSI at 62.5 and a positive MACD crossover, though the 4-hour chart suggests a bearish trendline resistance at $186.22.
5. Bitcoin Hyper ($HYPER), a new presale project combining Bitcoin's security with Solana's performance, has raised over $8.1 million in its presale.
Description
Solana (SOL) has climbed 11.9% over the past week, reclaiming the $180 zone and signaling renewed bullish momentum. The rally comes as the DeFi-focused blockchain breaks out of key technical structures, raising the question of whether buyers have the strength to push SOL back toward its all-time high near $260 — and potentially beyond. A bullish “cup and handle” pattern, identified by crypto analyst Ali Martinez on August 9, now projects a potential move to $1,315 — a 630% surge from current lev...
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