bullish

Rally

Movement

Strong

Higher

<ul class="wp-block-list">
 <li>Solana’s $240 target draws near, with bids in the low $190s and strong support at $194, signaling the potential for another rally.</li>  
 <li>Crypto analyst Crypto Chase sees SOL’s bullish momentum steady above $194, setting sights on surpassing its recent high of $215.</li>  
 <li>Strong buying in November keeps Solana’s bullish trend intact, with a projected pullback offering potential entry for investors.</li> 
</ul>  
<p>Solana (SOL) remains on an upward trajectory, with crypto analyst Crypto Chase projecting further gains toward the $240 level. The current outlook shows bids accumulating in the low $190 range, with the potential for a short-term correction that offers opportunities for both long and short positions. A key support level lies around $194, serving as a critical marker for bullish momentum as the cryptocurrency continues to consolidate its recent gains.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Crypto_Chase/status/1855836828420477121
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-sideways-movement-leads-to-breakout">Sideways Movement Leads to Breakout</h2>  
<p>From late September to early October, SOL moved sideways between $152 and $172 before entering an uptrend on October 7. This upward trend saw SOL's price rise to $196 by October 24, followed by a minor retracement back to $176.&nbsp;</p>  
<p>However, as of October 26, SOL resumed its climb, marking steady gains until reaching a local high of approximately $215.03 on November 11. Breaking through the $196 resistance was significant, signaling growing bullish interest that could lead SOL to higher targets.</p>  
<p>The unfilled gap around $194, noted by Crypto Chase, shows the sustained bullish sentiment for Solana. This gap serves as a foundation for further upward movement, provided that SOL stays above this level. Besides maintaining its current support, this price range could be pivotal for <a href="https://cryptonewsland.com/tao-soars-high-investors-eye-new-opportunities-ahead/" target="_blank" rel="noopener noreferrer nofollow">investors looking for entry points</a> as SOL aims to challenge new highs.</p>  
<h2 class="wp-block-heading" id="h-potential-pullback-before-a-higher-rally">Potential Pullback Before a Higher Rally</h2>  
<p>Crypto Chase’s analysis hints at a possible pullback toward $196, with a bid range set around the low $190s. This correction could serve as a <a href="https://cryptonewsland.com/ethereum-eth-crash-presents-buying-opportunity-for-traders-as-noti-is-set-to-benefit/" target="_blank" rel="noopener noreferrer nofollow">buying opportunity for experienced traders</a>. The current setup highlights a steady continuation pattern if SOL remains above the $194 level, where the gap remains unfilled. By protecting this gap, the upward momentum is likely to persist, setting the stage for a rally beyond the previous high at $215 and potentially breaching $240.</p>  
<p>The sharp buying momentum observed post-November 7 adds to the optimistic outlook. This surge suggests a solid bullish structure, further <a href="https://cryptonewsland.com/bnb-concludes-wyckoff-pattern-analyst-anticipates-pullback/" target="_blank" rel="noopener noreferrer nofollow">supported by a consolidation phase</a> that may pave the way for another rally. A move above $215 would strengthen Solana’s upward momentum, likely leading to a test of the $243.16 resistance zone.</p> 
<p>The post <a href="https://cryptonewsland.com/sol-sets-sights-on-240-with-key-support-at-194-says-crypto-chase/" rel="noopener noreferrer nofollow">SOL Sets Sights on $240 with Key Support at $194, Says Crypto Chase</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

SOL Sets Sights on $240 with Key Support at $194, Says Crypto Chase

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