bullish

Kaspa

Solana

Bitcoin

Gains

<p>Solana’s (SOL) price is down 3.85% today, which means it is now trading around $129.98. However, with this market performance, <a href="https://captainaltcoin.com/whales-massively-buying-solana-this-trader-predicts-where-is-the-sol-price-headed-next/" target="_blank" rel="noopener noreferrer nofollow">some analysts are bullish about Solana</a>.&nbsp;</p>
<p>YouTuber “Tyler Hill Investing,” who has 93.4k subscribers, posted a high-quality video about <a href="https://captainaltcoin.com/how-high-can-solana-pump-in-2024-sol-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">SOL’s price prediction</a>. The analyst said he likes what the token’s price is doing right now in the market and he wants to explain why.</p>
<h2 class="wp-block-heading" id="solana-holding-strong-fibonacci-support-zone">Solana Holding strong Fibonacci Support Zone</h2>
<p>According to Tyler Hill, <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana’s price </a>is responding well to a key Fibonacci zone, between the 618 and 786 levels. This range has been key for the token’s price behavior over the past several months.&nbsp;</p>
<p>The token’s ability to hold support in this area could lead to higher price targets of $250 or even $300 if market conditions improve.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="515" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-1024x515.png" alt="" class="wp-image-553573" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-1024x515.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-300x151.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-768x386.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-1536x772.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-2048x1029.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-298x150.png 298w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-696x350.png 696w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164-788x396.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-164.png 1500w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p class="has-text-align-center"><em>Image Source: </em><a href="https://www.tradingview.com/chart/t3AKTZf1/" target="_blank" rel="noopener noreferrer nofollow"><em>TradingView</em></a></p>
<p>Hill has been tracking Solana’s movement within this macro Fibonacci range for over half a year, and the token has consistently shown the ability to maintain its support levels.</p>
<p>This consistent support has led to increased optimism among Solana holders, as the chances of a bullish breakout are higher if the token continues to hold within this zone.</p>
<p>Furthermore, the rosy trading volume around Solana’s support zone suggests that both bulls and bears are actively engaging at this price level. The analyst mentioned that the price is going up and down a lot, with red and green candles, indicating that the market is still undecided.&nbsp;</p>
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<h2 class="wp-block-heading" id="comparison-with-bitcoin-and-ethereum-performance">Comparison with Bitcoin and Ethereum Performance</h2>
<p>These big cryptocurrencies like <a href="https://captainaltcoin.com/expert-identifies-key-catalysts-for-the-next-altcoin-season-using-these-bitcoin-and-ethereum-metrics/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin and Ethereum</a> have been entering prolonged downtrends for a while, and Solana has not fallen much.&nbsp;</p>
<p>The YouTuber points out that, unlike BTC and ETH that constantly hit lower lows and lower highs since March, Solana has maintained its support levels multiple times without hitting lower lows and is not currently in a downtrend. This difference in price action has made Solana an appealing option for investors looking for gains in the market.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/analyst-says-kaspa-is-consistently-winning-kas-price-could-hit-ath-faster-than-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Analyst Says Kaspa ‘Is Consistently Winning’ – KAS Price Could Hit ATH Faster Than Bitcoin</a><br></em></strong></p>
<h2 class="wp-block-heading" id="solana-price-prediction">Solana Price Prediction</h2>
<p>YouTuber sets his <strong>Solana price targets at $260 to $270 area</strong> once market starts pumping again. He believes that Solana’s current price behavior significantly reduces downside risk.&nbsp;</p>
<p>All in all, if market conditions, particularly Bitcoin’s performance, improve, Solana could experience a pump towards these higher price targets.</p>
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<p>The post <a href="https://captainaltcoin.com/positive-sign-for-solana-holders-is-on-the-chart-as-youtuber-updates-his-sol-price-prediction/" rel="noopener noreferrer nofollow">Positive Sign for Solana Holders Is on the Chart as YouTuber Updates His SOL Price Prediction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Positive Sign for Solana Holders Is on the Chart as YouTuber Updates His SOL Price Prediction

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