Solana (SOL) Poised for a Major Rebound: Key Insights
Tuesday, 24 December 2024, 14:42
Solana's Technical Setup Indicates a Rebound
Cryptocurrency Solana (SOL) is exhibiting promising signs of an imminent rally. According to on-chain analyst Ali Martinez, a notable TD Sequential buy signal has appeared on the daily chart, indicating a potential trend reversal following prolonged selling pressure.
Key Price Levels to Watch
- Current Price: Solana sits at $191 with a 4% daily increase.
- Resistance Level: The next critical resistance is at $197. A breakout here may bolster bullish momentum.
- Support Level: Watch the $176 support level; failing to maintain this could lead to further declines.
Optimistic Projections for Further Growth
Further optimism comes from an analysis by Captain Faibik, highlighting a breakout from a bullish pennant pattern on the weekly chart. This points toward potential price targets as high as $400 in the months to come.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.