Solana

<ul><li>Solana (SOL) could see a bullish breakout in August, according to crypto analyst Jelle, drawing parallels to 2021.</li><li>Jelle highlights Solana&#39;s strong foundation and balanced RSI, suggesting it is primed for its next upward movement.</li><li>Despite a recent dip, Solana&#39;s weekly gains and favorable technical indicators point to potential significant returns</li></ul>Solana (SOL) is once again emerging as a focal point for investors in the dynamic world of cryptocurrencies. In a recent X post, renowned crypto analyst Jelle shared a bullish outlook for Solana, drawing striking parallels to its performance during the summer of 2021.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXd0ehbRQsIvHbVcIX1ny-SQtS0q1J93ZKIkbu7_qJH-M_NfBR4ZE1pOh13_lXz1uet_IP-rct0cwXn9u4UV9YsFHy1ehjWrMWE41jPNWjcnQI1UFbmUxKrpK5yB1Nq9ezzGd5qCEojSIw-RekuvYNF8He26?key&#61;Hd4yJ-L5697y9p5nwnRegA" />The analyst <a href="https://x.com/CryptoJelleNL/status/1811710067219046912" rel="noopener noreferrer nofollow">pointed</a> to multiple successful retests of key support levels, which indicate the cryptocurrency&#39;s robust foundation. These retests, combined with a weekly Relative Strength Index (RSI) that has settled at 50, suggest that Solana is primed for its next upward movement.The RSI, a momentum oscillator that measures change in price movements, reaching the midpoint indicates a balanced market state. This equilibrium, according to Jelle, sets the stage <a href="https://cryptotale.org/solana-poised-for-august-breakout-analyst-predicts-summer-surge/" 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 Poised for August Breakout: Analyst Predicts Summer Surge

CryptoTale

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