SOL Price Hits $150: Solana has reached the $150 psychological level, gaining 5.47% intraday, signaling strong bullish momentum.
14.50% Surge in 3 Days: Over the last three days, SOL has surged by 14.50%, creating three consecutive bullish candles, indicating a robust upward trend.
20.52% Two-Week Rally: In the past two weeks, Solana's price has increased by 20.52%, with the $125 support level serving as a key foundation for this rally.
Approaching Key Resistance: Solana is approaching the neckline of a rounding reversal at the $160-$163 supply zone, which could lead to further gains if it breaks this resistance.
EMA Breakout: A 6.36% price jump last night resulted in a bullish engulfing candle that pushed SOL above both the 50-day and 200-day EMAs, eliminating the chance of a death cross.
RSI Near Overbought: The daily RSI has spiked to 61.58 as the price rises above $150, approaching the overbought zone, indicating increased buying pressure.
Triple White Soldier Pattern: Solana has formed a bullish triple white soldier pattern, hinting at continued momentum and a likely breakout above the $163 supply zone.
Rounding Bottom Breakout: The rounding bottom pattern forming in Solana's chart suggests a breakout rally that could trigger a strong BUY signal for traders.
Q3 & Q4 Historical Performance: Solana's strong historical performance in Q3 and Q4 could further fuel the price action, potentially leading to a breakout.
Potential to Reach $200: Based on the current momentum and technical indicators, SOL has a chance to break the $200 mark in October, especially with ongoing developments.
Targeting 52-Week High: A breakout beyond the $160-$163 supply zone could see Solana aiming for its 52-week high, with $250 as a potential upside target.
Key Support at $125: The $125 level has provided strong support for Solana, acting as a crucial price floor during recent upward movements.
14.50% Surge in 3 Days: Over the last three days, SOL has surged by 14.50%, creating three consecutive bullish candles, indicating a robust upward trend.
20.52% Two-Week Rally: In the past two weeks, Solana's price has increased by 20.52%, with the $125 support level serving as a key foundation for this rally.
Approaching Key Resistance: Solana is approaching the neckline of a rounding reversal at the $160-$163 supply zone, which could lead to further gains if it breaks this resistance.
EMA Breakout: A 6.36% price jump last night resulted in a bullish engulfing candle that pushed SOL above both the 50-day and 200-day EMAs, eliminating the chance of a death cross.
RSI Near Overbought: The daily RSI has spiked to 61.58 as the price rises above $150, approaching the overbought zone, indicating increased buying pressure.
Triple White Soldier Pattern: Solana has formed a bullish triple white soldier pattern, hinting at continued momentum and a likely breakout above the $163 supply zone.
Rounding Bottom Breakout: The rounding bottom pattern forming in Solana's chart suggests a breakout rally that could trigger a strong BUY signal for traders.
Q3 & Q4 Historical Performance: Solana's strong historical performance in Q3 and Q4 could further fuel the price action, potentially leading to a breakout.
Potential to Reach $200: Based on the current momentum and technical indicators, SOL has a chance to break the $200 mark in October, especially with ongoing developments.
Targeting 52-Week High: A breakout beyond the $160-$163 supply zone could see Solana aiming for its 52-week high, with $250 as a potential upside target.
Key Support at $125: The $125 level has provided strong support for Solana, acting as a crucial price floor during recent upward movements.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.