Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout
- Solana breaks out of triangle pattern, targets $164 after reclaiming key support
- Analysts confirm bullish setup, but warn invalidation if SOL falls below $147
- Trading volume spikes as SOL nears $158, hinting at renewed upward momentum
Solana ($SOL) is once again stirring up excitement in the crypto world, as analysts believe a new rally could be underway. The token has broken through a key resistance level, and its technical setup suggests the potential for significant gains. With prices currently hovering around $157, bullish momentum is clearly building.
This comes after weeks of consolidation, and several respected analysts are highlighting the possibility of $SOL surging toward $164 in the near term. The recent market action has sparked conversations about whether Solana could be entering another meme-driven rally, much like the explosive runs witnessed earlier this year.
SOL Bullish Breakout: Chart Patterns Signal More Upside
Ali Martinez, a well-followed crypto analyst, noted that Solana has broken out of a symmetrical triangle. This is a bullish continuation pattern that often signals further upward movement.
According to his analysis, $SOL …
The post Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout appeared first on Coin Edition.
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Solana (SOL) Price Prediction for July 25
Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout
- Solana breaks out of triangle pattern, targets $164 after reclaiming key support
- Analysts confirm bullish setup, but warn invalidation if SOL falls below $147
- Trading volume spikes as SOL nears $158, hinting at renewed upward momentum
Solana ($SOL) is once again stirring up excitement in the crypto world, as analysts believe a new rally could be underway. The token has broken through a key resistance level, and its technical setup suggests the potential for significant gains. With prices currently hovering around $157, bullish momentum is clearly building.
This comes after weeks of consolidation, and several respected analysts are highlighting the possibility of $SOL surging toward $164 in the near term. The recent market action has sparked conversations about whether Solana could be entering another meme-driven rally, much like the explosive runs witnessed earlier this year.
SOL Bullish Breakout: Chart Patterns Signal More Upside
Ali Martinez, a well-followed crypto analyst, noted that Solana has broken out of a symmetrical triangle. This is a bullish continuation pattern that often signals further upward movement.
According to his analysis, $SOL …
The post Is a New Solana Meme Season Starting? Analysts Eye $164 Target After Breakout appeared first on Coin Edition.
Read More