Solana

<p>Several analysts are closely watching Solana for signs of a trend reversal after an extended bear market. Traders like Decrypto Pharmacist are <a href="https://twitter.com/DeCryptopharm/status/1713809445321343393" target="_blank" rel="noreferrer noopener nofollow">eyeing</a> a potential inverse head and shoulders pattern that could propel Solana higher if it breaks key resistance levels. </p> 
<p>Another prominent trader, David, <a href="https://twitter.com/DavidOnCrypto_/status/1713738044497428721" target="_blank" rel="noreferrer noopener nofollow">tweeted</a> that SOL will fly when it flips $22.48. Technical chartist Clifton <a href="https://twitter.com/clifton_ideas/status/1713811544277209240" target="_blank" rel="noreferrer noopener nofollow">notes</a> Solana already broke out of a bullish flag pattern on the 4-hour timeframe, signaling upside momentum is building.</p> 
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 <img decoding="async" loading="lazy" width="1024" height="497" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-1024x497.png" alt="" class="wp-image-356831" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-1024x497.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-300x146.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-766x372.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-1536x746.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-2048x994.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-309x150.png 309w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-721x350.png 721w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413-788x382.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-413.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Providing an in-depth look, Altfins highlights how Solana recently rallied 20% after a falling wedge breakout, hitting resistance at the $25 level. With the cryptocurrency pulling back to test support around $20 and its 200-day moving average, this area marks a potential swing entry for traders betting on further upside.</p> 
<p>Altfins sees Solana in an uptrend on short- and medium-term timeframes, with next resistance at $25–30, where bulls could target. Key support sits at $20 and $12 if the rally stalls.</p> 
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 <img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-1024x573.png" alt="" class="wp-image-356839" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-414-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>At the time of writing, Solana is up over 6% as one of the top-performing major cryptocurrencies. While risks remain amid the bear market, analysts concur that there are encouraging signs of a trend change that could help Solana leave its recent lows behind. The coming weeks may determine if bullish momentum can be sustained.</p> 
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<p>The post <a rel="nofollow" href="https://captainaltcoin.com/solana-flashes-bullish-signals-as-analysts-call-trend-flip-sol-emerges-as-top-gainer/">Solana Flashes Bullish Signals as Analysts Call Trend Flip, SOL Emerges As Top Gainer</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Solana Flashes Bullish Signals as Analysts Call Trend Flip, SOL Emerges As Top Gainer

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