Solana

<ul><li>Solana&#39;s (SOL) price makes an astounding comeback, confirming a bullish trend reversal after a 45% dip, igniting expectations of a 20% gain.</li><li>Technical indicators such as RSI and AO signal strong bullish momentum, suggesting potential for SOL to surpass $30.00 and even reclaim July 12 highs.</li><li>Caution looms as profit-taking could disrupt SOL&#39;s uptrend, leading to a possible retracement to $20.00 or, in dire circumstances, a drop to the critical support at $16.48.</li></ul>In a stunning turn of events, Solana (SOL) has resurged with unwavering strength after enduring a challenging decline. Having weathered a 45% drop from its peak on July 12 to a low point in September, SOL has now confirmed a remarkable trend reversal, catapulting it into a bullish trajectory. The crypto market is buzzing with anticipation as SOL is poised to ascend by as much as 20%, setting its sights on conquering the $30.00 psychological milestone.This bullish resurgence, not without its share of challenges, has left crypto enthusiasts and investors eager to witness SOL&#39;s next moves. Solana&#39;s price action adheres to three critical technical principles to confirm this dramatic reversal.First, SOL managed to break above the last lower high at approximately $19.62, effectively shattering the downward trend that had held it captive. Furthermore, it avoided making a lower low, opting to recover and maintain its position above the previous peak of $19.62. Lastly, SOL achieved a second higher low at around $21.30 and burst through a second peak high at roughly $23.58.Read full article at <a href="https://cryptotale.org/solana-sol-price-shows-resilience-aims-for-20-gains-after-trend-reversal/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Solana (SOL) Price Shows Resilience, Aims for 20% Gains After Trend Reversal

CryptoTale

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