Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target

Quick Summary:

Crypto analyst and investor Carl Runefelt recently shared a technical analysis indicating that Solana’s current price action remains bullish as long as it sustains support above this mark.  Related Reading: Ethereum Whale Activity Spikes To 6-Week High – Smart Money Accumulation?

In his analysis, Runefelt noted that a successful neckline retest would confirm the bullish trend’s strength.  Runefelt’s chart analysis further indicates that as long as SOL remains above the neckline, bullish momentum is expected to persist, with his target price set at $202 in the short term.

Related Reading: Solana Breakout From Bullish Pattern Could Send SOL To The Moon’ – Crypto Analyst For traders and investors watching closely, the next moves around the $171 and $180 levels are key indicators.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Sol SOLUSDT Solana Analysis Solana Bullish Solana news Solana breakout Solana price analysis Solana Price Solana

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 07:30:29 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23259942

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