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Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst

NewsBTC LogoNewsBTC10h ago

Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst - NewsBTC

Quick Summary:

In the coming days, Solana’s price action will likely clarify whether this consolidation phase is merely a pause before a more substantial move.  With the broader crypto market reaching unprecedented levels, Solana is positioned at a critical juncture, and traders will closely monitor its performance for signs of a continuation of its upward trajectory.

If Solana holds this level and momentum remains, a push toward the $258 all-time high could unfold rapidly, further solidifying its role as a leading altcoin in the market’s current bull phase.  SOL Testing Last Supply Levels Before ATH Solana is currently trading at $220, having broken its yearly highs, yet it’s now encountering some volatility as traders assess the next move.

Related Reading: Bitcoin Weekly RSI Entering Power Zone – Last Time BTC Soared 80% As the market reaches new highs, Solana’s ability to hold above $210 could indicate strength, drawing in additional interest from retail and institutional investors.


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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 22:30:18 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 64 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 23593852

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 8 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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