Solana Turns Bullish as SuperTrend Signals Rally Toward $121
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Solana generated its first SuperTrend buy signal since October after its ATR trailing stop moved below price, indicating improving momentum as the crypto token holds near support and attempts to reclaim the $80 resistance zone. Analysts cite upside targets of $96 and $121 but warn that a break below $60 would invalidate the bullish setup, a key risk for traders monitoring token performance and DeFi market impact.
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- Solana’s first SuperTrend buy signal since October points to a potential rally if key support levels remain intact.
- Analysts see $96 and $121 as upside targets, while a break below $60 would invalidate the bullish setup.
- Technical indicators remain mixed as Solana holds near support and attempts to reclaim the $80 resistance zone.
Solana has generated its first SuperTrend buy signal since October, according to cryptocurrency analyst Ali Charts, after the token’s ATR trailing stop moved below its price, a technical indicator some traders view as a sign that momentum may be improving.
“SOLANA TURNED BULLISH,” Ali Charts wrote in a post on X. He said continued buying could lift Solana toward $96 and potentially $121, while noting that the $60 level remains key support. A move below that price would invalidate the bullish outlook, according to the analyst.
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