Solana

Bull Flag

Strong

Elon Musk

<p>Solana (SOL) analysts Seth (@seth_fin) and Nology3000 (@nology3000) have shared insights and technical about. Their analyses suggest that <a href="https://captainaltcoin.com/solana-sol-price-set-to-explode-two-charts-suggest-a-potential-major-rally-ahead/" target="_blank" rel="noopener noreferrer nofollow">SOL could have a major rally soon.</a></p>
<p><a href="https://x.com/seth_fin/status/1843024679797428552" target="_blank" rel="noopener noreferrer nofollow">Seth’s analysis shows</a> a potential Bull Flag formation, which indicates that SOL is on the verge of a bullish breakout. According to Seth, the price of SOL at the time of the post was around $145.35, reflecting a recent drop of -8.29%.</p>
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<p>He notes that SOL has experienced a clear uptrend since mid-2023, followed by a consolidation phase. The <a href="https://www.babypips.com/forexpedia/bull-flag#:~:text=A%20bull%20flag%20is%20a,trendlines%2C%20which%20form%20the%20flag." target="_blank" rel="noopener noreferrer nofollow">Bull Flag pattern</a>, characterized by a sharp rise (flagpole) followed by a narrow price range (the flag), suggests that once SOL breaks above the flag’s upper boundary, it may continue its upward trajectory.</p>
<p>The chart indicates a predicted breakout that could propel SOL higher, reinforcing Seth’s assertion that the “death of the bears” is imminent. He also believes Solana’s price will outperform again if the breakout occurs.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/traders-be-careful-large-token-unlocks-coming-for-sol-tao-ada-and-other-cryptos/" target="_blank" rel="noopener noreferrer nofollow">Traders, Be Careful! Large Token Unlocks Coming for SOL, TAO, ADA, and Other Cryptos</a></em></strong></p>
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<h2 class="wp-block-heading" id="solana-price-target">Solana Price Target</h2>
<p>On the other hand, Nology3000’s chart analysis employs <a href="https://www.investopedia.com/articles/technical/111401.asp#:~:text=The%20Elliott%20Wave%20Theory%20is,that%20oppose%20the%20larger%20trend." target="_blank" rel="noopener noreferrer nofollow">Elliott Wave Theory </a>to project SOL’s price movements. He identifies that SOL has completed Wave 1 of a larger impulse wave sequence and anticipates the formation of a “nested 1-2” structure.</p>
<p>This pattern suggests a small rally followed by a minor correction, setting the stage for further bullish movement. Nology3000 outlines critical price targets, indicating that SOL must break through the $180-$190 resistance zones to maintain momentum.</p>
<p><strong><em>Read Also:<a href="https://captainaltcoin.com/investors-pouring-serious-money-into-trump-and-maga-meme-coins-following-elon-musk-pro-trump-speech/" target="_blank" rel="noopener noreferrer nofollow"> Investors Pouring Serious Money Into TRUMP and MAGA Meme Coins Following Elon Musk Pro-Trump Speech</a></em></strong></p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Solana</a> <br><br>Referencing my post back from Sep 11 here. Remember how bearish every one was? <br><br>In this post I said that max potential for <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> was ~$690. <br><br>With that said I want to see <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>'s next move be something like this. <br><br>Current read is that we've finished a wave one.… <a href="https://t.co/IV7RpnOEqE" target="_blank" rel="noopener noreferrer nofollow">https://t.co/IV7RpnOEqE</a> <a href="https://t.co/PMskjbwayn" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PMskjbwayn</a></p>— Nology (@nology3000) <a href="https://twitter.com/nology3000/status/1842793978024071321?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 6, 2024</a>
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<p>He mentions a speculative target of $690, contingent upon specific price movements aligning with his analysis. However, he warns that if SOL fails to form the necessary wave structures, this lofty target may become unrealistic.</p>
<p>Both analysts present a bullish outlook for Solana, though they emphasize the importance of specific technical patterns and price movements.</p>
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<p>The post <a href="https://captainaltcoin.com/solana-price-to-outperform-once-again-as-strong-bullish-formation-emerges-analyst-shares-potential-sol-target/" rel="noopener noreferrer nofollow">Solana Price to ‘Outperform Once Again’ as Strong Bullish Formation Emerges—Analyst Shares Potential SOL Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Price to ‘Outperform Once Again’ as Strong Bullish Formation Emerges—Analyst Shares Potential SOL Target

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