Rally

Gather

Solana

<h2 id="ullish-wedge-breakout-may-fuel-buying-pressure-in-markets">ullish wedge breakout may fuel buying pressure in markets.</h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Price Analysis</a>,Solana initiates a new upward trend starting from the $67.00 zone against the US Dollar.</li>
 <li>Similar to Bitcoin, <a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Solana's</a> price maintains a position above $76.00 against the US Dollar, setting the stage for potential strength.</li>
 <li>SOL could witness substantial growth if it successfully surpasses the $80.00 resistance level.</li>
 <li>The lower trendline of the wedge pattern serves as a safety net&nbsp;during the ongoing robust recovery.</li>
 <li>Anticipation builds for a bullish breakout from the wedge pattern, intensifying buying interest from the market.</li>
 <li>&nbsp;SOL experienced a notable 15% upswing on December 18th, triggered by a reversal from the lower trendline, reaching the current trading price of $77.00.</li>
 <li>The main query persists: Will Solana successfully breach the $80 hurdle, or is there a possibility of a downturn once again?</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $80.00-$83.00 
SUPPORT LEVEL : $75.00-$72.00 
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.

SOLANA Moment of Truth:Will the Rally Roar or Correction Clouds Gather

Table of Contents

Coingabbar

Other articles published on Dec 20, 2023

BNB Chain Closes Out Landmark Year of Lowering Barriers to Web3 Entry (20 Dec)

Revolut Unlocks Crypto Trading in New Zealand, Expanding Fintech’s Offerings with 100+ Pairs

BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance

Top Historical Crypto Events and Their Impact on Crypto Markets

Ethereum’s Network Strength Highlighted in Recent Analysis

South Korean Supreme Court Jails $153m Crypto Fraudster for 10 Years

Join our free newsletter for daily crypto updates!