Solana Could ‘Go Parabolic’ Starting Today – Analyst Sets $370 Target

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He believes that the altcoin is set for a significant rally once Solana breaks above its current high timeframe bullish pattern.  Investors are closely watching for confirmation of this bullish trend, anticipating further gains as Solana’s price action gains momentum.

Such a pullback could provide a stronger foundation for SOL’s continued bullish momentum.  Related Reading: Bitcoin Breaking Out Of 7-Month Accumulation Channel: Expert Predicts Further Upside The overall market sentiment remains optimistic, with many cryptocurrencies experiencing upward movement, which could further fuel Solana’s price action.

This breakout signals a confirmed uptrend, sparking excitement among investors as Solana continues to push higher.  With the market showing renewed optimism, analysts set bullish price targets for Solana’s next potential moves.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Solana Sol Solana Price Solana news Solana Analysis Solana ATH SOLUSDT Solana breakout Solana Bullish

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 03:00:07 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 475 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23188477

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