Solana

<ul><li>Solana has shown a double bottom and a trendline resistance breakout, suggesting potential consolidation below $160 for accumulation.</li><li>With the neckline forming, analysts recommend monitoring a breakout above $160, which may signal a significant upward movement.</li><li>Solana trades at $143 with a market cap of $64 billion and a 24-hour trading volume of $2.2 billion.</li></ul>Solana&#39;s price movement has garnered attention, particularly after encountering a notable resistance level at $160. Crypto analyst CryptoBusy provided an insightful update on this movement. According to the <a href="https://twitter.com/CryptoBusy/status/1788410750308102286" rel="noopener noreferrer nofollow">analysis</a>, Solana faced rejection at the resistance, leading to potential consolidation below the $160 mark, which is considered risky for swing trades. This stage is seen as an accumulation phase.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6bcd2db6f82c47c9bcfd5f7b8796c81c.png" />However, CryptoBusy emphasized the importance of setting alerts for a breakout above $160, suggesting that such a move could indicate a much larger upward trend. This anticipation follows the analyst&#39;s previous update, in which he highlighted critical technical indicators supporting Solana&#39;s price movements.<a href="https://cryptotale.org/solana-eyes-major-move-analyst-predicts-key-160-breakout/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana Eyes Major Move: Analyst Predicts Key $160 Breakout

CryptoTale

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