Solana

<ul><li>Solana (SOL) forms a &#34;W&#34; pattern, signaling a potential surge to $174 after breaking $150 resistance.</li><li>Whale Alert reports 656,296 SOL ($103M) transferred, indicating rising market activity.</li><li>Solana&#39;s price is $155.24, up 1.77% in 24 hours and 8.61% in 7 days, with a $72B market cap.</li></ul>According to Ali Martinez, <a href="https://cryptotale.org/solana-poised-for-august-breakout-analyst-predicts-summer-surge/" rel="noopener noreferrer nofollow">Solana</a> (SOL) is forming a &#34;W&#34; pattern, <a href="https://x.com/ali_charts/status/1812990289822556504" rel="noopener noreferrer nofollow">suggesting</a> a bullish reversal that could propel the price toward $174. This pattern, also known as a double bottom, is a strong indicator of significant upward movement. The pattern’s formation, breakout confirmation, target price calculation, and potential resistance levels highlight the bullish outlook for Solana.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXclMBg1PCjSofSN1JhGYM98ySKuwaNSz9dAbAvVeCp1nLXq7C0rwtmlGdXw58F393Hgd-ruV2CUKs3Q4yXWeeh3xOWopopgE9n2G8fLNzkXDiIlQNirqoj2y3H_FQl4vw4q7263QCQO3nb5ludFZeooNXE?key&#61;J8FADFF8E8bJ-G1wBBBlsg" />The chart reveals a distinct &#34;W&#34; formation, with two bottoms around $120, separated by a peak at $155. This resistance level is crucial in confirming the pattern. Recently, Solana’s price has surged above the $150 resistance, reaching $158.65. This breakout is further supported by increased trading volume, indicating strong bullish momentum. The confirmed breakout above this level suggests a completed &#34;W&#34; pattern, reinforcing the potential for further price increases.<a href="https://cryptotale.org/solanas-w-pattern-indicates-potential-surge-toward-174-according-to-this-analyst/" 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's W Pattern Indicates Potential Surge Toward $174 According To This Analyst

CryptoTale

Alte articole publicate pe 17 iul. 2024

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