Solana Crypto Sol flashes bullish signal, expert sees $ 280
Important insights:
- Solana (Sol) has finally broken out of a bearish pattern and has successfully tested it again, which indicates a possible upward movement.
- After the outbreak, several experts seem to make bold forecasts, some say that sol could increase to $ 280 or $ 180.
- In addition, Sol has left the stock exchanges worth $ 14 million, which indicates a possible accumulation by investors and long -term owners.
Solana Crypto Sol, the sixth largest cryptocurrency in the world after market capitalization, seems to be bullish and faces clear upward moment. This optimistic outlook is determined by a change in mood on the market in conjunction with interest bullic price development.
Experts Kühne Prediction for Solana Crypto
But not only that, also experts and analysts have changed their opinion, because many are now making bold forecasts for Solana (Sol). Several contributions have recently appeared on X (formerly Twitter) that reflect this mood.
A friend shared in a posting Crypto expert With that Solana formed a strong chart pattern and further noticed: “Sol Pump is coming and the target is $ 280 – $ 300.” The article continues
“Sol is also fundamentally difficult to strike and has just broken the downward trend and the reason for this is the immense one. And every action only indicates one thing.”
In the meantime, another influential crypto expert explained that Solana (Sol) could benefit considerably if the market is preparing for a second stage.
Current course momentum
Apart from this bold prediction, Solana (SOL) is currently trading at $ 150.75 and has recorded a price drop of over 3% in the last 24 hours. During this period, the participation of investors and dealers decreased, which led to a modest decline in the commercial volume by 4%.
Solana (Sol) course development and important technical levels
This decline in the commercial volume together with the price decline indicates weak down moment. He also seems to appear after an outbreak and a remarkable upward movement.
According to the technical analysis of experts Solana (Sol) to be zinsbullic because it broke out of a long-lasting descending channel pattern. In addition to the outbreak, the asset has tested the outbreak zone again and confirmed that it has now become interest bullies, which could create the requirements for a massive upward movement.
Solana price forecast
Based on the latest price movements and the historical patterns, there is a high probability that the value will experience a price increase of over 20% with unchanged current market mood and overall structure and possibly reach the $ 183 mark.
However, if the market mood changes and the course falls below the $ 141 mark, this could be a sign that a downward trend returns to the market. If this is the case, Solana (SOL) could fall significantly and possibly drop to the $ 116 brand.
Technical analysis: 50 EMA and RSI insights
At the time of the publication of this press release, the course of Solana (SOL) above the 50-day exponential moving average (EMA) on the daily frame, which indicates that the asset is in an upward trend and signals a possible interest bully trend turn.
The relative strength index (RSI) from SOL is 50, which indicates that the asset is in a neutral zone, without direct signs of overbearing or overhang. This indicates that the market is currently undecided and that the next major movement could depend on upcoming market catalysts or changes in investor's mood.
A persistent increase in the buying volume could drive the RSI up and thus signal an interest bully momentum, while a decline below 50 could indicate downward pressure.
$ 14 million Solana Crypto Sol leave the stock exchanges
In view of the current market mood, it seems that investors and long-term owners have accumulated the token, such as the on-chain analysis company Coinglass reported.
The data of the spot inflows and drains show that the stock exchanges in the entire crypto landscape SOL recorded worth $ 14 million. This considerable drainage of stock exchanges indicates potential accumulation and could lead to increased purchase pressure and upward dynamics.
Disclaimer
This article only serves for information purposes and does not represent financial, investment or other advice. The author or the persons mentioned in this article are not responsible for financial losses that can arise from investments or trade. Please research yourself before making financial decisions.
Chandan Gupta is a crypto analyst and senior journalist. With years of experience in crypto trading and market analysis, he simplifies complex concepts of technical and on-chain metrics, making them easy for users to understand and helping them make informed decisions. Additionally, he uncovers real-time actions of whales and insiders that impact overall market sentiment.
