Satoshi

bullish

Solana

Buddha

<p>Top crypto analysts have spotlighted <a href="http://v" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL)</a> for its bullish chart setup, projecting upward movement if current trends hold. Satoshi Flipper, a top figure in crypto analysis, shared his perspective on the $SOL/USDT 1-hour chart, suggesting that SOL is poised to break out from a bullish pennant, potentially targeting a high of $260.&nbsp;</p>
<p>Additionally, Bitcoin Buddha emphasized SOL’s strong performance on the weekly timeframe, forecasting it as a top pick in the current market cycle. Together, their insights reflect growing momentum and expectations around Solana, fueling investor anticipation.</p>
<h2 class="wp-block-heading" id="strong-bullish-pennant-formation-and-target-projections-strong"><strong>Bullish Pennant Formation and Target Projections</strong></h2>
<p>The chart provided by Satoshi Flipper highlights a bullish pennant, a formation often seen as a precursor to continued upward movement. In this case, SOL has maintained an upward-sloping channel, where its price oscillates between defined support and resistance boundaries.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a>/usdt 1 hour<a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> looking smashing this morning, bullish channel looks ready to make the move to $260 (pennant breakout target) &amp; beyond for the new all time highs <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/u3QgVRIgjJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/u3QgVRIgjJ</a></p>— Satoshi Flipper (@SatoshiFlipper) <a href="https://twitter.com/SatoshiFlipper/status/1856993630168518850?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The upper boundary, frequently tested, acts as a strong resistance point, while the lower boundary supports buyers’ entry and prevents significant price declines. A dotted line projects a potential breakout, which could set SOL on a path toward the targeted $260 mark.</p>
<p>This $260 target aligns with standard measured moves for a pennant pattern, where the projected price rise matches the height of the initial uptrend leading into the pennant. Such technical projections have fueled market optimism that SOL’s value could indeed reach or exceed this level upon a successful breakout.</p>
<h2 class="wp-block-heading" id="strong-market-sentiment-experts-bullish-outlook-strong"><strong>Market Sentiment: Experts’ Bullish Outlook</strong></h2>
<p>Satoshi Flipper’s tweet described SOL as “smashing,” indicating robust momentum in its current trading channel. His mention of a potential new all-time high strengthens the belief that a breakout <a href="http://v" target="_blank" rel="noopener noreferrer nofollow">could lead SOL toward new records</a>.&nbsp;</p>
<p>Bitcoin Buddha echoed this sentiment, labeling SOL as his top pick for the current cycle. He pointed out the large 24-hour trading volume in SOL memes, underscoring a resurgence in interest and sentiment within the Solana community.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> looking super bullish on the weekly! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Let’s send it to ATH! <br><br>When <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> memes are hitting 1B+ volume/24h, it’s time to <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SOL</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>SOLANA will remain my top pick this cycle <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f91d.png" alt="🤝" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/9AglKTo6tr" target="_blank" rel="noopener noreferrer nofollow">https://t.co/9AglKTo6tr</a> <a href="https://t.co/fgcpFn7osf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/fgcpFn7osf</a></p>— Bitcoin Buddha (@Bitcoin_Buddah) <a href="https://twitter.com/Bitcoin_Buddah/status/1856999542991765783?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Both analysts’ perspectives add a strong bullish outlook, with Bitcoin Buddha’s “send it to ATH!” tweet hinting at the possibility of SOL reaching unprecedented highs. Moreover, the community’s support and the trading volume emphasize Solana’s appeal, driven by its technical pattern and favorable sentiment.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/xrp-price-hits-multi-year-resistance-break-could-1-03-be-next/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>XRP Price Hits Multi-Year Resistance Break, Could $1.03 Be Next?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-higher-highs-and-increasing-buyer-support-strong"><strong>Higher Highs and Increasing Buyer Support&nbsp;</strong></h2>
<p>SOL’s chart also indicates a steady trend of higher highs and higher lows. Each dip is met with buyers entering at progressively higher levels, indicating confidence and support. This trend aligns with a <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">bullish continuation</a>, reinforcing the potential for a breakout.&nbsp;</p>
<p>The stable rise in buyer interest highlights an underlying positive sentiment and increased confidence among investors. Should SOL continue to exhibit this pattern, the market could see further support at higher levels, enhancing the likelihood of reaching the $260 target and beyond.&nbsp;</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/market-analysts-predict-solanas-sol-price-surge-to-new-all-time-highs-heres-the-outlook/" rel="noopener noreferrer nofollow">Market Analysts Predict Solana’s (SOL) Price Surge to New All-Time Highs: Here’s the Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Market Analysts Predict Solana’s (SOL) Price Surge to New All-Time Highs: Here’s the Outlook

Table of Contents

CaptainAltcoin

Other articles published on Nov 14, 2024

Pennsylvania House of Representatives Proposes Bill to Hold Bitcoin as a State Reserve Asset

European stocks underperform the S&P 500 by the largest margin in 29 years

This Is How the Crypto Market Will Look When BTC Price Tops This Cycle: Santiment

Orderly Network Integrates Chainlink Price Feeds for Reliable Market Data

Binance’s CZ Meets with Arthur Hayes To Reshape the Crypto Future

6 Best Blockchain Platforms Transforming the Crypto World

Join our free newsletter for daily crypto updates!