Solana to hit $3K? Analyst sees bullish pattern.
WikiBit 2025-04-28 19:52
Key NotesSolana is trading around $151, up by 2% in the past day.A long-term cup-and-handle pattern suggests a major bullish breakout could be
Bollinger Bands are tightening slightly after expansion, suggesting that traders could see a breakout move ahead. Price action is testing the upper band, indicating strong buying pressure.
If SOL fails to hold this level, it could retrace toward the $135-$140 support zone before attempting another breakout.
Meanwhile, the MACD is also flashing bullish signals, with the MACD line trending above the signal line and positive histogram bars building up.
Traders could notice a potential ascending triangle forming, with higher lows converging toward the $153-$154 resistance. A breakout above this level could unleash a rally toward the psychological $200 level.
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