Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next?

Quick Summary:

Related Reading: October To Remember: Descending Broadening Wedge Says Bitcoin Is Going To $90,000 Solana Breaks Above Key Resistance Level Following the highly anticipated US Federal Reserve (Fed) rate cuts, the crypto market rebounded 5% in the last 24 hours.

SOL’s price broke above a key resistance level, reigniting the bullish sentiment among investors and traders who believe the cryptocurrency is soon poised to reclaim higher targets.

Top Analyst Says Yes Similarly, crypto analyst Yuriy considers SOL’s recent performance has set the stage for a breakout above the $150 resistance level.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Crypto Market Recovery Altcoins Solana ( SOL) Crypto market Crypto market crash Crypto trader SOLUSDT Crypto analyst Fed rate cut Solana Bullish Solana Sol

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-20 @ 07:00:07 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 75 lines

Sentence Length: 6 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 22618478

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Main Topics: Crypto

Official Website: newsbtc.com

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Coverage Areas: United Kingdom

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