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The post <a href="https://coinpedia.org/price-analysis/sol-price-breakout-beats-the-bears-next-stop-75/">SOL Price Breakout Beats The Bears, Next Stop $75?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With a declining trend momentum and intraday trading volumes over the weeks, the SOL price continues a lateral move. Taking support from $51 twice, Solana manages to remain buoyant above the $50 mark and prolongs the bearish battle.&nbsp; 
Keeping a growth return of more than 200% in the last sixty days, Solana keeps an extremely bullish sentiment in the daily chart. Therefore, the <a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/">SOL price prediction </a>keeps a bullish standpoint.&nbsp; 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/29115638/SOLUSD_2023-11-29_10-22-46-1024x480.png" alt="" class="wp-image-249620" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/29115638/SOLUSD_2023-11-29_10-22-46-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115638/SOLUSD_2023-11-29_10-22-46-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115638/SOLUSD_2023-11-29_10-22-46-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115638/SOLUSD_2023-11-29_10-22-46-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115638/SOLUSD_2023-11-29_10-22-46-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115638/SOLUSD_2023-11-29_10-22-46.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/BRN8xsOU/">TradingView</a> 
Trapped between $51 and $68 levels, the SOL price continues to have a lower high formation, reflecting excessive overhead pressure. Further, the price action teases a bullish flag pattern with the ongoing consolidation phase.&nbsp; 
The consolidation range follows the 200% bull run in the last sixty days, teasing the bullish continuation pattern of the flag pattern. Further, the 4-hour chart displays another buy signal for short-term traders. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/29115645/SOLUSD_2023-11-29_11-39-41-1024x480.png" alt="" class="wp-image-249621" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/29115645/SOLUSD_2023-11-29_11-39-41-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115645/SOLUSD_2023-11-29_11-39-41-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115645/SOLUSD_2023-11-29_11-39-41-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115645/SOLUSD_2023-11-29_11-39-41-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115645/SOLUSD_2023-11-29_11-39-41-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/29115645/SOLUSD_2023-11-29_11-39-41.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/O153EcIu/">Tradingview</a> 
In the 4H chart, the SOL price outgrows the triangle pattern, giving a breakout entry opportunity for short-term gains. However, a supply zone is present at the $60 mark, which remains the next obstacle to clear.&nbsp; 
Currently, the SOL price trades at $58.74, with an intraday growth of 0.88%, teasing a breakout rally. 
Technical Indicators: 
RSI Indicator: The daily RSI line shows a gradual lateral shift in the declining trend, teasing a trend reversal from the halfway line. Therefore, the RSI indicator projects a bullish trend reversal possibility.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-triangle-breakout-boost-the-sol-price">Will The Triangle Breakout Boost The SOL Price?</h2> 
In the daily chart, the bulls prepare for an uptrend continuation as it teases a flag pattern, a trend continuation pattern. Moreover, the triangle breakout in the 4H chart projects a high likelihood of a breakout rally crossing the $68 mark.&nbsp;&nbsp; 
Therefore, as Solana prepares to gain trend momentum, the SOL price can reach the $75 breakout with a breakout rally. In the longer phase, the altcoin can reach the psychological mark of $100.&nbsp; 
Conversely, a bullish failure to sustain momentum can retest $50 to warn a nosedive to $44-$45.

SOL Price Breakout Beats The Bears, Next Stop $75?

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