Analyst Says Solana Price Is At The Gates Of Massive Breakout, Here’s The Target

After an eventful weekend, the Solana price was able to cross the resistance at $200, and despite the market retracement, bulls have managed to hold this level and turn it into ￰0￱ the bullish momentum still going, the altcoin could be set for a further ￰1￱ it is yet to cross its January all-time high of $294, a blooming rally suggests that it may be time for the cryptocurrency to barrel through and retest the resistance at this ￰2￱ Price Is Still Firmly In Bullish Territory In an analyst, crypto analyst Mihai Lacob explained that the Solana price is still likely to surge from ￰3￱ comes as the analyst takes into account the previous performance of the altcoin over the last few months, with major developments suggesting that buyers are still very much active for the digital ￰4￱ Reading: Ripple’s XRP Breaks Into Top 100 Global Assets With $180 Billion Market Cap The main level so far seems to be the $175 level, where the cryptocurrency has seen its price bottom in the last two market ￰5￱ explains that this means that there is a lot of demand at $175, making it a solid area for ￰6￱ has also served as the bounce-off points after the previous corrections, with the most recent one ending in the push above $200.

For the Solana price, a number of things are also backing its bullish momentum, and one of those is the fact that positive momentum is on the rise across the crypto ￰7￱ week, Fed’s Powell hinted at possible rate cuts, and the crypto market had rallied in response. Thus, as September barrels forward, expectations for a rate cut are continuing to push prices ￰8￱ thing that the crypto analyst points out is the strong technical structure that has ￰9￱ is because the Solana price has been consistently printing higher lows since April, suggesting that most of the pressure is still to the ￰10￱ $175 now being the major demand zone with strong support, it shows that this is still a buyer’s market.

Now, the price has already pushed past $200 again and is now looking to break the resistance above $207, something that would be bullish for the ￰11￱ To Watch Out For As for how to trade Solana during this time, the crypto analyst has highlighted two major things that investors should watch out ￰12￱ first is whether the Solana price is able to hold above $190 during this ￰13￱ bears are able to break below, it would be bearish, but a hold above would signal a possible continuation of the bullish ￰14￱ Reading: Analyst Says Dogecoin Price Is Entering Expansion Phase – Here’s What It Means Next on the list is a possible breakout above $207. Presently, this has been the major level that has proved elusive for Solana during the weekend ￰15￱ analyst explains that once this resistance is conquered, then the Solana price would move toward $250, with a possible rise to a new all-time high of $300 in the medium-term ￰16￱ image from Dall.

E, chart from ￰17￱