Franklin

bullish

2024

Solana

<p>Despite a 7.5% drop in the value of Solana (SOL) in a week, it’s not the end of the world for long-term investors. In fact, this decline might even be a golden opportunity to accumulate assets before a potential rebound. The Sharpe Ratio, a key indicator of risk-adjusted performance, shows encouraging signs for the future of the SOL crypto.</p> 
<h2 id="h-prospects-for-solana-s-rebound">Prospects for Solana’s Rebound</h2> 
<p>While Solana <strong>struggles to cross the $160 mark</strong> – at $150 it was already <a href="https://www.cointribune.com/en/solana-at-150-temporary-correction-or-end-of-the-crypto-rally/" target="_blank" rel="noreferrer noopener">a question of a temporary correction or the end of the crypto rally</a> – some indicators suggest that the trend could reverse soon. The <strong>Sharpe Ratio</strong>, which has fallen <strong>into negative territory,</strong> has often been a buy signal in the past.&nbsp;</p>
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<p>Historically, <strong>every time this indicator falls below zero, the price of SOL rises</strong>, marking <a href="https://x.com/CryptoCurb/status/1842580663506985133" target="_blank" rel="noreferrer noopener">a buying opportunity</a> for savvy investors.&nbsp;&nbsp;</p> 
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     <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a><br><br>Mentally Prepare yourself for the Greatest Year of your Life.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;">225+ Days Re-Accumulation on <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>.<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;">Massive Pennant Bullish Continuation Pattern.<br><br>Solana Send Season<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;"> coming soon.<a href="https://twitter.com/hashtag/SOLANA?src=hash&amp;ref_src=twsrc%5Etfw">#SOLANA</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/cS1FRXOsd2">pic.twitter.com/cS1FRXOsd2</a></p>— Curb◎ (@CryptoCurb) <a href="https://twitter.com/CryptoCurb/status/1842580663506985133?ref_src=twsrc%5Etfw">October 5, 2024</a>
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<p>Moreover, Solana has <strong>strong support levels, notably at $140</strong>, which should limit losses in case of further decline.&nbsp;</p> 
<p>If the $155 threshold is crossed, <strong>a surge to $161 is conceivable</strong>. Otherwise, a fallback could bring SOL back to $140, or even lower if this support were to give way.&nbsp;</p> 
<p>Here are some figures to watch:&nbsp;&nbsp;</p> 
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 <li>Short-term target: $161;&nbsp;</li> 
 <li>Critical resistance: $155;&nbsp;</li> 
 <li>Key support: $140.&nbsp;&nbsp;</li> 
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<h2 id="h-sol-the-crypto-asset-of-uptober">SOL: The Crypto Asset of “Uptober”</h2> 
<p>Despite headwinds, the outlook for October remains optimistic for Solana. Dubbed “Uptober” in the crypto community, this month is often associated with <strong>bullish movements for altcoins like SOL</strong>. Market players expect a rebound that could lift Solana’s price <strong>towards $200 highs</strong>.&nbsp;&nbsp;</p> 
<p>However, liquidity remains a major issue. The <strong>lack of capital</strong> circulating in the overall crypto market hinders Solana’s progress. But all is not lost. The altcoin season, with a return of hedge funds to Solana, could offer a positive outcome.&nbsp;</p> 
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<p>Additionally, recent technological advances like the <strong>launch of Frankendancer and the preparation of Firedancer in 2025</strong>, bolster Solana’s position as a leader among high-performance blockchains.&nbsp;</p> 
<p>The question remains open: can Solana reach $200 again? Investors remain on alert.</p>
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<p>Solana, a true concentration of innovation, continues to attract the attention <a href="https://www.cointribune.com/en/crypto-solana-attracts-finance-giants-like-citibank-and-franklin-templeton/" target="_blank" rel="noreferrer noopener">of financial giants such as Citibank and Franklin Templeton</a>. Its blockchain remains a major asset in the crypto universe, poised to attract even more investors.</p>

Why Is Solana’s Crypto Ready for an Imminent Rebound?

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