Solana (SOL) Poised For Major Upswing, Analyst Forecasts $328

Solana (SOL) refuses to be taken out of the picture as the crypto market takes a heavy beating. In fact, the altcoin has appeared on this analyst’s radar, and for good reasons. An optimistic analysis by trader WHALES_CRYPTOx brings Solana back in the spotlight. According to the trader’s observations, SOL is about to see a huge price increase, which has investors and experts talking. However, what does this signify for Solana’s future? Related Reading: Binance Coin In Turmoil: Nearly 10% Value Erased In Market Shake-Up Overcoming Obstacles The price movement of Solana in the last several days has been quite erratic. Despite this, the cryptocurrency, according to WHALES_CRYPTOx, has emerged from a bullish pennant formation on the weekly chart, a technical pattern sometimes linked to significant higher rises. This breakthrough is especially significant since it comes after Solana successfully broke through the resistance level of $120, which had previously prevented its climb.

Aug 5, 2024 - 12:00

Solana (SOL) Poised For Major Upswing, Analyst Forecasts $328

Solana (SOL) refuses to be taken out of the picture as the crypto market takes a heavy beating. In fact, the altcoin has appeared on this analyst’s radar, and for good reasons.

An optimistic analysis by trader WHALES_CRYPTOx brings Solana back in the spotlight. According to the trader’s observations, SOL is about to see a huge price increase, which has investors and experts talking. However, what does this signify for Solana’s future?

Overcoming Obstacles

The price movement of Solana in the last several days has been quite erratic. Despite this, the cryptocurrency, according to WHALES_CRYPTOx, has emerged from a bullish pennant formation on the weekly chart, a technical pattern sometimes linked to significant higher rises.

This breakthrough is especially significant since it comes after Solana successfully broke through the resistance level of $120, which had previously prevented its climb.