Based on a current tweet by analyst Jelle, Solana is intently following the Feb-March playbook, suggesting that the worth is predicted to discover a backside earlier than the subsequent leg greater.
Based on Jelle’s evaluation, the formation of a post-breakout greater low is taken into account a bullish sign. This highlights that the worth might have discovered a brief backside and is poised for additional upward motion.
The analyst’s reference to the Feb-March playbook means that Solana’s present worth motion is mirroring a earlier sample noticed earlier this 12 months. This similarity has led Jelle to foretell that SOL is on the verge of one other worth surge.
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Skilled Worth Forecasts for Solana This Week
Cryptocurrency consultants at Changelly have additionally weighed in on Solana’s potential worth trajectory for the present week. Based on their evaluation, the minimal buying and selling value for SOL may be $157.57, whereas the utmost might attain $180.05. On common, the consultants anticipate the worth of Solana to be round $168.81 throughout this era.
These worth forecasts recommend that Solana is well-positioned for a powerful efficiency this week. SOL additionally has the potential to check key resistance ranges and entice elevated investor curiosity.
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The Path to $200: Can Solana Attain the Milestone This Week?
With the formation of a post-breakout greater low and the bullish predictions from analysts and consultants, many buyers are actually questioning if Solana can attain the milestone of $200 this week. Whereas the cryptocurrency market is understood for its volatility and unpredictability, the present market sentiment and technical indicators recommend that SOL has the potential to make a powerful push in the direction of this goal.
If Solana manages to interrupt by key resistance ranges, a rally in the direction of $200 turns into more and more probably.
