Solana Price Breaks Symmetrical Triangle on Daily Chart
Recently, the Solana price breached the symmetrical triangle on the daily chart.
Inverted Head and Shoulders Pattern Triggers Rally
After successfully breaking the neckline of the inverted head and shoulders pattern at $102, a notable rally has been observed.
Impressive Five-Day Surge
The $SOL price has surged for five consecutive days, climbing from $93 to $117, indicating a significant 19.20% increase.
Moving Averages Confirm Uptrend
#Solana price is currently trading above the 20-50-100 and 200-day Moving Averages (MA).
Parallel Movement with Bitcoin
Solana is trading above $107 against the US Dollar, showing a similar trend to Bitcoin.
Continued Bullish Momentum
If the bulls can maintain control, the $SOL price is likely to keep rising, gearing up to test its upper resistance level of $117 in the weeks ahead.
Long-Term Predictions by Coingabbar
According to Coingabbar’s analysis, Solana’s price prediction for 2030 remains around $300, while the prediction for 2034 is expected to be close to $500.
Key Levels
Resistance Level: $115-$121
The current resistance level for Solana is identified between $115 and $121.
Support Level: $104-$100
The support level for Solana is established between $104 and $100.
