bullish

Solana

Bitcoin

Resistance

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/solana-price-surges-as-analysts-set-high-targets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Price Surges as Analysts Set High Targets</a><br></p>
<p style="text-align: justify">With the rapid rise of Bitcoin , Solana (<a href="https://en.coin-turk.com/once-in-a-40-year-opportunity-crypto-guru-predicts-a-870-surge-in-this-altcoin-historical-data-supports/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>) has exceeded significant resistance levels over the weekend. Achieving a price of $211, SOL has returned to its peak value from the previous year, holding potential for new highs. However, as of 00:35 EST, SOL’s price has decreased by 1.5% and is trading at $205.33.</p>
<h2 style="text-align: justify" id="strong-analysts-confident-in-high-targets-strong"><strong>Analysts Confident in High Targets</strong></h2>
<p style="text-align: justify">Crypto analyst Corne Marchand notes that the SOL price is targeting new peaks. Marchand states that the only major hurdle for Solana to reach a new all-time high is the $248 level, previously recorded as its highest point.</p>
<p style="text-align: justify">Corne Marchand remarked, “Once SOL surpasses the $248 level, it could rise to $360.”</p>
<h2 style="text-align: justify" id="strong-technical-analysis-and-support-levels-strong"><strong>Technical Analysis and Support Levels</strong></h2>
<p style="text-align: justify">After reaching a market capitalization of $100 billion, Solana has declined back to the $99 billion level. Marchand predicts that the current bullish trend could push SOL’s price between $900 and $1000, supported by historical data indicating these levels are attainable.</p>
<p style="text-align: justify">In the last 24 hours, Solana’s trading volume increased by 136%, suggesting the price breakout is robust. The rising Average Directional Index (ADX) indicates continued buying pressure for Solana. If SOL fails to surpass the $211 level, the bullish momentum may be invalidated, potentially bringing the price back to $175.</p>
<h2 style="text-align: justify" id="strong-long-term-goals-and-key-resistance-levels-strong"><strong>Long-Term Goals and Key Resistance Levels</strong></h2>
<p style="text-align: justify">Solana has the potential to exceed $900 or $1000 in the long term, with some forecasts suggesting this could rise to $2000. These targets might coincide with the peak phase of the bullish market.</p>
<p style="text-align: justify">Investors should closely monitor resistance points, particularly at $211, $263, and $330. These levels align with Fibonacci expansion ratios and indicate areas where prices may face rejection.</p>
<p style="text-align: justify">For investors in Turkey, technical indicators and trading volume of Solana emerge as crucial factors in making investment decisions.</p>
<p>The post <a href="https://en.coin-turk.com/solana-price-surges-as-analysts-set-high-targets/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana Price Surges as Analysts Set High Targets</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana Price Surges as Analysts Set High Targets

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