Solana Could ‘Go Parabolic’ Starting Today – Analyst Sets $370 Target
The post Solana Could ‘Go Parabolic’ Starting Today – Analyst Sets $370 Target appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. Solana (SOL) has finally broken above the $160 resistance, a critical level that has held the price down since early August. This breakout signals a confirmed uptrend, sparking excitement among investors as Solana continues to push higher. With the market showing renewed optimism, analysts set bullish price targets for Solana’s next potential moves. Related Reading Top analyst and investor Carl Runefelt recently shared valuable insights on Solana’s outlook, boldly predicting that Solana could reach $370 in the coming months. He believes that the altcoin is set for a significant rally once Solana breaks above its current high timeframe bullish pattern. Investors are closely watching for confirmation of this bullish trend, anticipating further gains as Solana’s price action gains momentum. Solana’s recent breakout and positive market sentiment suggest a strong performance shortly. Solana Prepares For A Rally Solana is on the verge of a move, potentially reaching yearly or even all-time highs. The bullish outlook across the market continues to signal positive gains for SOL in the coming months. Crypto analyst Carl Runefelt recently shared a technical analysis on X, stating that Solana could go parabolic starting today. He highlights that SOL is breaking out of a massive Cup & Handle pattern, a classic bullish formation often seen on higher timeframes. Solana could rally toward a potential target of $370 if this pattern plays out. Solana breaking out of this Cup&Handle pattern | Source: Carl Runefelt on X The Cup & Handle pattern is known for its reliability in signaling strong price movements, particularly when the handle completes and breaks upward. In Solana’s case, this breakout could lead to substantial gains, pushing the price to new highs. As the crypto market continues with momentum, SOL investors are optimistic about the potential price surge in…
Filed under: News - @ October 22, 2024 3:03 am