The post Analyst Examines a Bullish Pattern Emerging for Solana Price and Predicts This Altcoin Is About to Replicate SOL 2021 Bull Run appeared first on Coinpedia Fintech News
An analyst has identified a promising trend unfolding in Solana’s price movements. This emerging pattern suggests the potential for significant gains ahead. Meanwhile, there’s another altcoin on the horizon that might replicate Solana’s remarkable surge from 2021. Discover which cryptocurrencies are showing signs of imminent growth in the full article.
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Solana Poised for Breakout as Altcoin Season Approaches
Solana’s price is currently moving within a moderate range, showing signs of consolidation. With the nearest resistance level at $173, a push past this point could lead to a climb toward the next target of around $200. The Relative Strength Index sits near 44, indicating the asset is not overbought. Over the past month, Solana has seen a gain of almost 10%, suggesting growing momentum.
If bullish trends persist, the coin could see a significant percentage increase from its current levels. The anticipated altcoin season might provide the catalyst for Solana to surge, potentially surpassing resistance levels and reaching new heights. However, if support at $120 doesn’t hold, there might be a downturn, but overall prospects appear promising.
Conclusion
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