Solana’s bullish breakout: Will SOL surge to $187?

A bullish pattern appeared on Solana’s chart, hinting at a massive bull rally ahead.

Solana [SOL] has been having a tough week as the investors were witnessing losses. But the trend can change soon! This was the case as a bullish pattern appeared on the taken’s price chart.

Solana’s upcoming move

CoinMarketCap’s data revealed that SOL was down by over 8% in the last seven days. The bearish trend continued in the last 24 hours as its value dropped marginally.

At the time of writing, SOL was trading at $142.84 with a market capitalization of over $66 billion.

Interestingly, Curb, a popular crypto analyst, recently posted a tweet that revealed something that hinted at a price rise for Solana.

According to the tweet, SOL was in its consolidation phase for a few weeks. After that, the token’s price entered a bullish pennant pattern. A breakout above the pattern could push the token to new highs.

Is SOL ready for a surge?

Since the token was showing signs of a price uptick, AMBCrypto planned to take a closer look at Solana’s on-chain metrics to find what to expect.

As per our analysis of Santiment’s data, SOL’s Weighted Sentiment dropped sharply last week. This suggested that bearish sentiment around the token was increasing.

However, its Social Volume increased, reflecting Solana’s popularity in the crypto space. On top of that, Solana’s trading volume also dropped in the recent past when its price declined.

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分布式账本工程师
你是真狗
2024-10-08 03:54RispondiMi piace
ЭфириумВоин
现在的价格已经很高了，破0.2就有点悬了
2024-10-08 03:40RispondiMi piace
DigitalDynamo
我看你是被我说错了，哈哈
2024-10-08 03:25RispondiMi piace
den****@gmx.com
你是不是被割了？
2024-10-08 03:25RispondiMi piace
log****@consultant.com
你又没买啊，哈哈
2024-10-08 03:20RispondiMi piace

Solana’s bullish breakout: Will SOL surge to $187?

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