Solana Stays Strong Despite BTC Drop – $176 Next?

Quick Summary:

Investors are exercising patience and are aware that the next few hours and days could be pivotal for SOL’s price action.  Related Reading: XRP Network Activity Surges As Price Seeks To Break $0.55 Resistance If the bullish pattern materializes and the price breaks out, it could lead to a significant rally.

He revealed a 1-hour chart showing a symmetrical triangle, a bullish pattern often preceding strong price movements.  The upper line of this triangle sits around $168, and Runefelt suggests that if SOL manages to break above this level, the next target would be $176.

Technical Levels To Watch  Solana is currently trading at $165 after facing a rejection from the $171 mark, a key resistance level that may hold the price down for a few days or weeks.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Solana demand Solana Technical Analysis Solana price analysis Solana Price Sol Solana Solana news Solana Bullish SOLUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 16:00:13 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 66 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23216663

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Main Topics: Crypto

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