SOLANA Price Prediction, Bulls Make a Violent Comeback
- The cryptocurrency market is on an upswing, witnessing substantial gains across various digital assets, including Solana.
- Solana has surged by over 12% in the last 24 hours and an impressive 80% in the past month, reaching nearly $68 at its peak.
- Solana's notable price surge is influenced by Bonk (BONK), a Solana-based memecoin, rising 17% in 24 hours and a remarkable 660% in 30 days.
SOLANA breaches symmetrical triangle, surges past $60.
According to Coingabbar Price Analysis, Solana's price experiences a resurgence with the appearance of a rounding bottom pattern.
Solana displays a strong recovery after finding support at the lower trendline of the triangle pattern.
Solana has successfully broken the triangle pattern and is currently trading above it.
SOL's 4-Hour chart sees a breakout from the triangle pattern, offering a short-term entry opportunity, but faces resistance at the $62 supply zone.
A potential bullish rally is anticipated if Solana closes above $62, with a target towards $68.00.
KEY LEVELS :
RESISTANCE LEVEL : $62.50-$64.00
SUPPORT LEVEL : $59.50-$58.00
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.
