Coinpedia-Market-Insight

Will SOL Prices Cross $30?

Long
COINBASE:SOLUSD   Solana
SOL displays a rounding bottom reversal pattern in the daily chart.
Falling channel breakout ends the short-term correction.
The price crosses the $24 mark, aiming for $30.
Year-to-date growth stands at an impressive 142%.
Golden crossover and breakout possibilities are high.
Bottom formed slightly below $18.
Exceeds the 50 and 200-day EMA, increasing the golden crossover possibility.
Five multiple bullish candles formed, accounting for a 26% jump.
Current trading price is $24.12 with an intraday gain of 1.05%.
MACD lines cross above the zero line, indicating bullish momentum.
RSI enters the overbought zone, signaling a highly bullish phase.
Neckline resistance at $25.50 could be a crucial point for the uptrend.

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