Solana

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<p>Solana has been trading sideways between $29 and $33 since October 23rd, but <a href="https://twitter.com/Bluntz_Capital/status/1718488136597278775?t=x1qhPrI1YH1-cMZcCAN-aA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">according to</a> crypto analyst Bluntz, this consolidation is setting the stage for SOL’s next rally.</p>
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<p>In a recent tweet, Bluntz notes that Solana’s relative strength index (RSI) is cooling off during this range-bound action. To him, this indicates SOL is gathering momentum before breaking out higher.</p>
<p>Bluntz believes the next leg up will commence sometime next week. He points to the widespread disbelief about Solana’s recent outperformance as a contrarian indicator that the rally has further room to run.</p>
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<p>Despite skepticism among some traders, SOL has outpaced both Bitcoin and Ethereum in recent weeks. According to Bluntz, this relative strength underscores Solana’s bullish technical setup.</p>
<p>Now that SOL appears to be recharging above key support around $29, Bluntz expects an imminent breakout. With the RSI resetting and oversold conditions cleared, Solana seems poised to continue its uptrend next week after gathering steam during this brief consolidation.</p>
<p>The coming days will reveal whether Bluntz’s analysis proves correct. But based on building momentum, he sees SOL staged for its next rally phase shortly.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/solana-analyst-says-sol-is-gathering-steam-reveals-time-for-next-leg-up/">Solana Analyst Says SOL Is Gathering Steam, Reveals Time for Next Leg Up</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Solana Analyst Says SOL Is Gathering Steam, Reveals Time for Next Leg Up

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