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<p>Solana’s native cryptocurrency SOL is gearing up for an uptrend, according to <a href="https://www.tradingview.com/chart/SOLUSDT/P0lQkSav-SOLUSDT-Buying-may-continue-target-200-00/" target="_blank" rel="noopener noreferrer nofollow">Maximilian_FX</a>, an analyst on the TradingView platform. In a recent post, the analyst highlighted the strength of SOL’s bullish momentum, suggesting that the $200 price level could be within reach by the end of this week.</p>
<p>Currently trading around $147, SOL has been consolidating after a trend change and a rally that pushed prices to the $157.12 resistance zone. Maximilian_FX notes that sellers are finding it increasingly difficult to hold back the uptrend’s force, as the bullish momentum continues to gain traction.</p>
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<p>“Overall, we see a trend change, then the market moves into a consolidation phase and reaches $157.12,” the analyst stated. “Sellers have less and less chance to hold the resistance zone because the uptrend is so strong. According to statistics, the strongest fluctuations are after a breakthrough.”</p>
<p>The analyst’s assessment highlights the potential for significant price swings following a breakout, which could propel SOL’s value even higher.</p>
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<p>Maximilian_FX emphasizes that as long as the $146.50 support level holds, a buying strategy remains preferred, especially on increasing trading volume. This suggests that traders and investors should closely monitor volume indicators for potential buy signals.</p>
<p>Explaining the potential upside target, the analyst predicts, “In the current scenario, as long as the $146.50 support level holds, a buying strategy remains preferred on a growing volume basis. It is predicted that by the end of this week, SOLUSDT will trade between $180.00 and $200.00 USD.”</p>
<p>As the market sentiment continues to improve, analysts like Maximilian_FX remain optimistic about the potential for further upside in high-performing cryptocurrencies like SOL.</p>
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<p>The post <a href="https://captainaltcoin.com/solanas-sol-uptrend-is-so-strong-as-key-support-continues-to-hold-heres-the-potential-target-for-this-week/" rel="noopener noreferrer nofollow">Solana’s (SOL) ‘Uptrend Is So Strong’ as Key Support Continues to Hold: Here’s the Potential Target for This Week</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana’s (SOL) ‘Uptrend Is So Strong’ as Key Support Continues to Hold: Here’s the Potential Target for This Week

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