Solana Prepares For A 20% Rally – Can SOL Reclaim $176?

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Related Reading: Cardano (ADA) Testing $0.34 Support – On-Chain Data Suggests Price Consolidation A successful break above these critical levels would mean a 20% surge for Solana, with bullish momentum potentially driving it even higher.

After a modest 5% pump on Friday, investors and analysts are increasingly optimistic about the direction Solana could take in the coming months.  One prominent analyst, Carl Runefelt, has shared a technical analysis predicting a 20% surge for SOL in the next few weeks, citing bullish patterns and favorable market conditions.

Related Reading: XRP Will Jump 75% If It Holds Current Demand Level – Details On the other hand, if the price fails to hold above the $140 mark, this recent surge could be short-lived, and a deeper correction might follow.

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Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Solana news Solana Rally Solana Technical Analysis Solana Solana Price Solana Analysis Solana Price prediction Solana Bullish SOLUSDT

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-12 @ 09:00:11 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

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