{"id":653108,"date":"2024-11-14T22:30:18","date_gmt":"2024-11-14T22:30:18","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653108"},"modified":"2024-11-14T10:55:01","modified_gmt":"2024-11-14T10:55:01","slug":"solana-god-candle-is-close-as-it-breaks-from-crucial-resistance-top-analyst","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/solana\/solana-god-candle-is-close-as-it-breaks-from-crucial-resistance-top-analyst\/","title":{"rendered":"Solana \u2018God Candle Is Close\u2019 As It Breaks From Crucial Resistance \u2013 Top Analyst"},"content":{"rendered":"

Solana recently broke its yearly high at $210, sparking a surge in trading activity as the altcoin now attempts to consolidate above this key level. This period of volatile price action highlights Solana\u2019s strong position within the market, as investors watch for signs of a further breakout.\u00a0<\/span><\/p>\n

Top analyst and investor Immortal recently shared an insightful technical analysis comparing Solana\u2019s chart to Bitcoin\u2019s historical price movements, suggesting that Solana\u2019s next breakout may be imminent.<\/span><\/p>\n

Related Reading: Bitcoin Weekly RSI Entering Power Zone \u2013 Last Time BTC Soared 80%<\/a><\/div>\n

As the market reaches new highs, Solana\u2019s ability to hold above $210 could indicate strength, drawing in additional interest from retail and institutional investors. In the coming days, Solana\u2019s price action will likely clarify whether this consolidation phase is merely a pause before a more substantial move.\u00a0<\/span><\/p>\n

With the broader crypto market reaching unprecedented levels<\/a>, Solana is positioned at a critical juncture, and traders will closely monitor its performance for signs of a continuation of its upward trajectory.<\/span><\/p>\n

Solana Preparing For A Rally<\/span><\/h2>\n

Solana appears poised for a significant rally, having broken out of an 8-month accumulation phase that began in March. This critical development has caught the attention of top analyst and trader Inmortal, who shared an analysis on X<\/a>, comparing Solana\u2019s recent chart patterns to those of Bitcoin. His technical perspective suggests that Solana mirrors Bitcoin’s past price movement and could be on the cusp of a substantial surge.<\/span><\/p>\n

\"Solana
Solana price chart compared to BTC | Source: Inmortal on X<\/a><\/figcaption><\/figure>\n

Following its break above the yearly high of $210, Solana\u2019s next target is likely to be its all-time high of $258. This level is viewed by many as a critical resistance, and a successful test could pave the way for even greater price gains. The breakout from such an extended accumulation phase has bolstered confidence in Solana\u2019s bullish structure, and the market is closely watching for signs of sustained momentum.<\/span><\/p>\n

The timing of this potential move is also strategic. As Bitcoin consolidates just below its all-time high, a period of stability could provide the perfect window for altcoins, particularly Solana, to gain traction. This pause in Bitcoin\u2019s rally allows liquidity to shift toward other strong projects, positioning Solana well for a possible continuation of its upward trend.<\/span><\/p>\n

Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern \u2013 Details<\/a><\/div>\n

The next few days will be pivotal for Solana as traders look to see if it can sustain support above $210. If Solana holds this level and momentum remains, a push toward the $258 all-time high could unfold rapidly, further solidifying its role as a leading altcoin in the market\u2019s current bull phase.\u00a0<\/span><\/p>\n

SOL Testing Last Supply Levels Before ATH<\/span><\/h2>\n

Solana is currently trading at $220, having broken its yearly highs, yet it\u2019s now encountering some volatility as traders assess the next move. With SOL just 17% away from its all-time high of $258, many are watching closely to see if it can sustain this momentum without giving traders any lower entry points.<\/span><\/p>\n

\"SOL
SOL 17% away from ATH | Source: SOLUSDT chart on TradingView<\/a><\/figcaption><\/figure>\n

The $210 support level is particularly crucial in the coming days. If SOL fails to hold above this mark, a short-term correction could drive prices lower, potentially offering some breathing room for buyers looking to enter before the next rally. However, should SOL remain steady above $210, the likelihood of a rapid push to new highs becomes even stronger, as it signals ongoing bullish strength in a market eager for upward movement.<\/span><\/p>\n

Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs<\/a><\/div>\n

As Solana continues to consolidate at these elevated levels, a decisive break could ignite a swift rally, drawing in both retail and institutional interest. Traders are preparing for either outcome: a brief correction as a buying opportunity, or a breakout that takes Solana into uncharted territory, setting new highs and reaffirming its place among top-performing altcoins this cycle.<\/span><\/p>\n

Featured image from Dall-E, chart from TradingView<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Solana recently broke its yearly high at $210, sparking a surge in trading activity as the altcoin now attempts to consolidate above this key level. This period of volatile price action highlights Solana\u2019s strong position within the market, as investors watch for signs of a further breakout.\u00a0 Top analyst and investor Immortal recently shared an insightful technical analysis comparing Solana\u2019s chart to Bitcoin\u2019s historical price movements, suggesting that Solana\u2019s next breakout may be imminent. Related Reading: Bitcoin Weekly RSI Entering Power Zone \u2013 Last Time BTC Soared 80% As the market reaches new highs, Solana\u2019s ability to hold above $210 could indicate strength, drawing in additional interest from retail and institutional investors. In the coming days, Solana\u2019s price action will likely clarify whether this consolidation phase is merely a pause before a more substantial move.\u00a0 With the broader crypto market reaching unprecedented levels, Solana is positioned at a critical juncture, and traders will closely monitor its performance for signs of a continuation of its upward trajectory. Solana Preparing For A Rally Solana appears poised for a significant rally, having broken out of an 8-month accumulation phase that began in March. This critical development has caught the attention of top analyst and trader Inmortal, who shared an analysis on X, comparing Solana\u2019s recent chart patterns to those of Bitcoin. His technical perspective suggests that Solana mirrors Bitcoin’s past price movement and could be on the cusp of a substantial surge. Following its break above the yearly high of $210, Solana\u2019s next target is likely to be its all-time high of $258. This level is viewed by many as a critical resistance, and a successful test could pave the way for even greater price gains. The breakout from such an extended accumulation phase has bolstered confidence in Solana\u2019s bullish structure, and the market is closely watching for signs of sustained momentum. The timing of this potential move is also strategic. As Bitcoin consolidates just below its all-time high, a period of stability could provide the perfect window for altcoins, particularly Solana, to gain traction. This pause in Bitcoin\u2019s rally allows liquidity to shift toward other strong projects, positioning Solana well for a possible continuation of its upward trend. Related Reading: Dogecoin Could Target $2.4 If Price Aligns With Macro Pattern \u2013 Details The next few days will be pivotal for Solana as traders look to see if it can sustain support above $210. If Solana holds this level and momentum remains, a push toward the $258 all-time high could unfold rapidly, further solidifying its role as a leading altcoin in the market\u2019s current bull phase.\u00a0 SOL Testing Last Supply Levels Before ATH Solana is currently trading at $220, having broken its yearly highs, yet it\u2019s now encountering some volatility as traders assess the next move. With SOL just 17% away from its all-time high of $258, many are watching closely to see if it can sustain this momentum without giving traders any lower entry points. The $210 support level is particularly crucial in the coming days. If SOL fails to hold above this mark, a short-term correction could drive prices lower, potentially offering some breathing room for buyers looking to enter before the next rally. However, should SOL remain steady above $210, the likelihood of a rapid push to new highs becomes even stronger, as it signals ongoing bullish strength in a market eager for upward movement. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs As Solana continues to consolidate at these elevated levels, a decisive break could ignite a swift rally, drawing in both retail and institutional interest. Traders are preparing for either outcome: a brief correction as a buying opportunity, or a breakout that takes Solana into uncharted territory, setting new highs and reaffirming its place among top-performing altcoins this cycle. Featured image from Dall-E, chart from TradingView<\/p>\n","protected":false},"author":617,"featured_media":653109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[12837,83626,92246,93112,93094,89405,85361,90228,83627],"class_list":["post-653108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-sol","tag-solana","tag-solana-analysis","tag-solana-ath","tag-solana-breakout","tag-solana-news","tag-solana-price","tag-solana-price-analysis","tag-solusdt"],"acf":[],"yoast_head":"\nSolana \u2018God Candle Is Close\u2019 As It Breaks From Crucial Resistance \u2013 Top Analyst<\/title>\n<meta name=\"description\" content=\"Solana breaks yearly high, sparking bullish momentum. 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