Analyst Says Solana Is in a ‘Monster Uptrend’ Despite Recent Struggles, Reveals Next SOL Price Target 

2023-11-15 18:30

Solana saw its price rise over 7% as a part of its recovery move after failing to break past $63 resistance four days ago. After the rejection, the altcoin dropped to around $51 over a three-day period. However, crypto analyst Bluntz maintained SOL is still in a “monster uptrend.”

Two days ago, Bluntz told his 200k+ followers not to worry about Solana’s pullback. He believes the sell-off allowed weak hands to be “washed out” and SOL to complete a healthy three-wave correction.

Now that Solana has reclaimed its former resistance around $56 as support, Bluntz expects the next leg up to begin soon. With SOL’s price currently around $62, he is targeting $70 for the leading smart contract platform’s next major upside level.

According to Bluntz, Solana remains in a powerful uptrend against Bitcoin, even amid the recent correction. This underscores his bullish outlook on SOL despite its struggles to break out above $63 so far.

Read also:

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With the crypto market heating up again, Bluntz believes Solana’s monster bull run still has room to run. His analysis suggests patience will pay off for those betting on Solana to continue outpacing Bitcoin and lead altcoins higher.

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The post Analyst Says Solana Is in a ‘Monster Uptrend’ Despite Recent Struggles, Reveals Next SOL Price Target  appeared first on CaptainAltcoin.

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price solana resistance break failing past days

price solana → Результатов: 126


Solana On watch: SOL Price Could Crash To $90 If This Happens

As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold.   According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel’s lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90.

2024-9-7 09:30