Solana

<h2 id="solana-hits-71-peaks-since-may-22-post-3-week-cooldown-from-mid-nov">Solana hits $71, peaks since May 22, post-3-week cooldown from mid-Nov</h2>
<ul> 
 <li> According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link">Coingabbar Price Analysis</a>, Over the last 24 hours, SOL has soared by more than 13%, breaching the $70 mark and showcasing significant bullish strength in the cryptocurrency realm. </li> 
 <li> Solana surged more than 13% to reach $71, marking its highest point since May 2022. This jump follows a three-week cooldown period after reaching its local top in mid-November. </li> 
 <li> Indications of a rounding bottom reversal are emerging, hinting at a potential <a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" class="f-link">SOL</a> price surpassing $75 in the near future. </li> 
 <li> In the 4-hour chart, SOL broke out of the rising channel rally during the early morning hours, signaling a noteworthy bullish rally. </li> 
 <li> Yesterday, Solana's price broke free from a four-week horizontal trading pattern, fluctuating between $51.4 and $68.00. </li> 
 <li> A red long doji candle formed on the hour, signaling a potential trend reversal. </li> 
 <li> momentum is expected to persist, with a target to test the resistance level of $75 in the coming days. </li> 
 <li> Sustaining the price at the $75 level could set the stage for Solana to aim for its upper resistance level of $80 by the end of the month. </li> 
 <li> Conversely, if bears gain control, the price may lose momentum and dip to test the support level of $65. </li> 
 <li> If bearish dominance continues, there is a likelihood of a deeper plunge, with the lower support level of $62.00 becoming a potential test in the upcoming week. </li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $73.00-$76.00 
SUPPORT LEVEL : $68.00-$65.00 
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.A

SOLANA Surges: Is the Market Brewing a Perfect Storm?

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