Rally

Solana

altFINS

Show

Cosmos

<p>Among altcoins, Solana (SOL) has marked an early standout thus far, gaining over 314% year-to-date and outpacing both Bitcoin and Ethereum. With key technical levels now reclaimed, analysts have turned increasingly bullish on prospects for a run toward the next upside target at $125 in the coming weeks.</p>
<h2 class="wp-block-heading" id="strong-sol-price-recovers-off-106-double-bottom-strong"><strong>SOL Price Recovers off $106 Double Bottom</strong></h2>
<p>Solana’s recovery from multi-week lows around $106 has set up the price charts for additional upward movement, as swing trader Teshkid has <a href="https://twitter.com/MtukufuMtukutu/status/1759643996224201180" target="_blank" rel="noopener noreferrer nofollow">highlighted</a>. That selling pressure was consistently absorbed near $106 shows the level’s emerging importance as a key demand zone, indicating buyer conviction.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="520" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-1024x520.png" alt="" class="wp-image-441028" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-1024x520.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-300x152.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-767x389.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-1536x779.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-2048x1039.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-296x150.png 296w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-690x350.png 690w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743-788x399.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-743.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>With SOL rallying as high as $114 this week, Teshkid expects another test of the local top is due. A decisive break above $115 and $116 resistance would open the floodgates for unrestricted upside toward $120 in the near-term.</p>
<p>On any pullbacks from current levels, watch for the $106 level to once again offer support. Only a breakdown below this area would compromise the bullish outlook.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-channel-breakout-targets-125-after-10-rally-strong"><strong>Channel Breakout Targets $125 After 10% Rally</strong></h2>
<p>Reinforcing the bullish technical setup, analysis by altFINS points to a high-probability uptrend underway. They confirmed a bullish rising channel breakout for SOL – with a measured move upside extension targeting the $125 mark.</p>
<p>With positive momentum also gathering steam across different timeframe trend readings, the ingredients for that next leg look in place. Some minor red flags exist in overbought momentum signals (declining MACD histogram), but SOL has shrugged those aside many times in past ramp-ups.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-1024x573.png" alt="" class="wp-image-441036" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-744.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Solana, establishing a series of higher rally highs and higher retest lows, reconstructs the base pattern consistent with sustainable bull moves historically.</p>
<p>Whether momentum accelerates beyond $125 toward altcoin season-type valuations depends greatly on Bitcoin’s stability. But among fellow layer-1 disrupters, SOL offers among the strongest fundamental cases to catalyze serious FOMO with any help from the macro backdrop. Its technicals may provide the first glimpse of what awaits.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/kaspas-kas-token-soars-to-new-heights-surpassing-cosmos-atom-and-theta-tao/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO)</a></li>
 <li><a href="https://captainaltcoin.com/filecoin-fil-eyes-tripling-to-25-as-technicals-turn-bullish-and-solana-partnership-catalyzes-growth/" target="_blank" rel="noopener noreferrer nofollow">Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth</a></li>
 <li><a href="https://captainaltcoin.com/the-5-best-altcoins-to-watch-in-february-2024-which-altcoin-will-explode-in-2024/" target="_blank" rel="noopener noreferrer nofollow">The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/solana-confirms-bullish-breakout-analyst-forecasts-potential-upside-target-for-sol-rally/" rel="noopener noreferrer nofollow">Solana Confirms Bullish Breakout: Analyst Forecasts Potential Upside Target for SOL Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Solana Confirms Bullish Breakout: Analyst Forecasts Potential Upside Target for SOL Rally

Indice dei contenuti

CaptainAltcoin

Altri articoli pubblicati su 20 feb 2024

Unreleased Interview Reveals SBF’s ‘Gangster’ Behavior in Prison

Launching WBTC on Osmosis: A New Horizon for Cosmos Ecosystem Liquidity

Cardano Skyrockets 33% in Volume as Market Anticipates Breaking News

Dogecoin (DOGE) Price Prediction: Will the Price Finally Clear $0.10?

Alephium’s Game-Changing Tech and Vision for a Decentralized World

Dogecoin facing dip from $0.09 – Should traders go long or short?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!