- Solana has seen a 25% price increase, forming a higher low for future gains.
- Solana aims for $158-$172 after recent pullback, based on technical charts.
- Solana’s recent pattern suggests continued upward movement if support holds.
Solana ($SOL) has shown strong recovery signs after a recent pullback. The cryptocurrency is now forming a higher low, a bullish signal. With a 25% increase so far, analysts expect further upward movement.
Solana Shows Promise After Recent Pullback
Solana (SOL) recently experienced a pullback along with the broader market but is now showing signs of recovery. Following the decline, it has formed a higher low, which is considered a positive signal in technical analysis. This pattern suggests that Solana may be on track to experience further upward momentum.
Crypto analyst CryptoBullet, who shared a 3D chart update, points to this higher low as an indication of potential for another leg up. According to the analysis, the price target for Solana could range between $158 and $172, signaling possible future gains for investors.
Technical Outlook and Support Levels
Solana has experienced a 25% price increase from its recent low, suggesting that the cryptocurrency has regained some strength. Traders are closely watching key support levels to ensure the upward trend continues.
If these levels hold, Solana may experience further upward movement, with the $158 to $172 range as the target.The chart shows that the current market conditions are favorable for Solana’s recovery, but continued monitoring is required to confirm this bullish pattern.Â
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
