With huge gains in the last few days, solana This ongoing bullish cycle has shown true potential, making SOL one of the best performing crypto assets in the market. As a result of the surge, there is growing confidence within the community about the possibility of SOL rising to higher resistance levels or a new peak.
An extended rally for Solana price?
Leading altcoin Solana owns achieved An important pattern breakout, marking a turning point for SOL’s price action and technical formation. The recent breakout shows the crypto asset’s resilience, with SOL bouncing back once again after a sharp decline on Tuesday evening.
According to Daily Premium Signals, SOL is demonstrating continued strength as it continues to make clear upward moves, breaking a flat resistance. As a result of the breakout, the platform highlighted that altcoin has formed a bullish framework, which supports its ability to reach even higher targets in the coming weeks.
After a thorough examination of the breakout, Rose Premium Signals has placed the next potential upside targets for SOL at the $268, $320, and $367 levels, reflecting their conviction of an imminent notable rally with bullish market progress.
As SOL breaks key resistance levels, it could further increase its bullish momentum, making a big rally to higher highs possible. This incident has come to light Solana ecosystem developmentWhich could attract more investors over time and have a significant impact on its price.
Market expert and crypto content creator, Trader Tardigrade also strongly believes in a massive rally. Expert gives in-depth look at the current price action of altcoins predicted That SOL could hit key targets soon, possibly achieving a new all-time high.
Trader Tardigrade’s prediction is based on a bullish breakout from the 2-week descending trendline that is keeping SOL price in check. The move suggests new strength for the digital asset, pushing its price towards key resistance levels that could add bullish momentum. Given the strong upside strength and rising optimism Among investors and traders, experts predict that altcoins will be worth around $300, $500, and $1,000 by 2025.
SOL rise time
one in the east PostTrader Tradigrade also cited another major trendline for SOL on the 1-day time frame, which suggests the asset is getting ready for a significant rally. According to the expert, Solana’s daily close was seen above the 50-weighted moving average (WMA), which led to a surge in the price. Since there is ample upside from the recent pullback, trader Tardigrade claims that it is time for SOL to bounce back once again.
At the time of writing, Fifth note of musical scale Located at $236 price level after 0.05% decline on the previous day. On the weekly time frame, the altcoin has also fallen by about 2%. Despite the decline in price performance, investors may still be optimistic about upside, as indicated by the more than 14% increase in daily trading volume.
Featured image from Adobe Stock, chart from tradingview.com
