bullish

Internet Computer

Bull Flag

<p>CryptoJobs, a top analyst on X (formerly Twitter), updated his followers about a potentially bullish setup that could send <a href="https://captainaltcoin.com/solana-price-to-outperform-once-again-as-strong-bullish-formation-emerges-analyst-shares-potential-sol-target/" target="_blank" rel="noopener noreferrer nofollow">Solana’s price </a>into a rally.&nbsp;</p>
<p>He mentioned that a breakout or additional consolidation could influence the price action in the upcoming days, as these charts indicate a significant juncture.</p>
<p>Still, the Solana (SOL) price is in a narrow consolidation range, and traders are watching the $152 barrier figure.</p>
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<h2 class="wp-block-heading" id="neutral-zone-and-key-levels">Neutral Zone and Key Levels</h2>
<p><a href="https://captainaltcoin.com/solana-sol-price-set-to-explode-two-charts-suggest-a-potential-major-rally-ahead/" target="_blank" rel="noopener noreferrer nofollow">The SOL price</a> is within a neutral zone, fluctuating between $142 and $152. This range has witnessed multiple tests of both support and resistance, signaling indecision in the market.&nbsp;</p>
<p>Immediate support is found at $141.19, while lower levels of support include $135, $128, and $120. As long as SOL’s price stays above $120, the overall bullish outlook remains intact.</p>
<p>An ascending trendline from previous price movements indicates buyers are gradually stepping in at higher levels.&nbsp;</p>
<p>This ascending support line adds to the bullish sentiment, though failure to maintain these levels could lead to downside pressure. On the upside, breaking the $152 resistance is vital for a bullish continuation, potentially leading the SOL price toward $160 and higher levels.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="478" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-1024x478.png" alt="" class="wp-image-563697" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-1024x478.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-300x140.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-767x358.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-1536x717.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-2048x956.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-321x150.png 321w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-750x350.png 750w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315-788x367.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-315.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/CryptoJobs3/status/1843661347835261183" target="_blank" rel="noopener noreferrer nofollow">X/CryptoJobs3</a></em></strong>
 </figcaption>
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<h2 class="wp-block-heading" id="solana-chart-analysis-bull-flag-and-symmetrical-triangle-patterns">Solana Chart Analysis: Bull Flag and Symmetrical Triangle Patterns</h2>
<p>The SOL daily chart reveals two important formations: a potential bull flag and a symmetrical triangle. The bull flag pattern typically signals consolidation before a continuation of the bullish trend, while the symmetrical triangle suggests that the SOL price is converging, with a breakout becoming increasingly likely.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="478" src="https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-1024x478.png" alt="" class="wp-image-563689" srcset="https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-1024x478.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-300x140.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-767x358.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-1536x717.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-2048x956.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-321x150.png 321w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-750x350.png 750w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314-788x367.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/10/image-314.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: X/CryptoJobs3</em></strong>
 </figcaption>
</figure>
<p>The significance of this level is further highlighted by the resistance at $152, which corresponds with the upper point of the symmetrical triangle.&nbsp;</p>
<p>Furthermore, a strong advance past this barrier would open the door for a surge toward $180 or even $200. A pullback toward $100 is conceivable on the downside if the support area around $120 is broken and would invalidate the bullish formation.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/1000-in-solana-sol-or-internet-computer-icp-which-could-become-more-profitable/" target="_blank" rel="noopener noreferrer nofollow">$1,000 in Solana (SOL) or Internet Computer (ICP): Which Could Become More Profitable?</a></em></strong></p>
<h2 class="wp-block-heading" id="potential-scenarios-for-solana-sol-price">Potential Scenarios for Solana (SOL) Price</h2>
<p>If Solana can break the $152 resistance, the next targets are $180, with a possible surge toward $200 or more, depending on market momentum.&nbsp;</p>
<p>However, failure to break this level could see<a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow"> SOL price</a> retesting support at $135, with additional downside risk toward $120. Despite the neutral short-term outlook, the presence of the bull flag and ascending trendline suggests that the overall sentiment remains positive.</p>
<p>As the market awaits SOL’s next move, traders will be watching the $152 level. Whether it results in a rally toward $250 or a downturn remains to be seen, but the current consolidation hints at significant movement ahead.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/solana-price-primed-for-a-rally-can-sol-smash-through-152-and-soar/" rel="noopener noreferrer nofollow">Solana Price Primed for a Rally—Can SOL Smash Through $152 and Soar?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Price Primed for a Rally—Can SOL Smash Through $152 and Soar?

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