According to Coingabbar Price Analysis, Solana has demonstrated a consistent uptrend in its daily price over the past five days.
This surge marks the first time since 2022 that SOL has reached such a notable price level.
Over the last three months, Solana has showcased a remarkable recovery in the daily timeframe, experiencing a parabolic ascent from $21.00 to a current trading level of approximately $114. This represents a striking 450% increase.
Examination of the 4-hour chart reveals Solana is currently trading within a Bullish Pennant Pattern.
The main question that remains unanswered is whether this recent surge signifies the beginning of a sustained uptrend or if it's just a fleeting market surge.
KEY LEVELS :
RESISTANCE LEVEL : $115.00-$118.50
SUPPORT LEVEL : $107.00-$102.00
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
