Overview

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On the daily chart, Solana retested the $180 level following a breakout from a symmetrical triangle pattern, a move that indicates a bullish trend. However, with resistance Solana has outperformed major crypto coins this bull season to breach an ATH of $180. Here’s how high it can go this week SOL has bounced off a key weekly support and could rise to $180 if momentum picks up. Solana-based decentralized apps have made five times more money Breaking past $180 has been a challenge, with Solana failing to attempt it in recent weeks. To reach this level, SOL would need to rally 40%, which becomes more To maintain the $180 Solana price prediction on track, bulls must continue to hold the $140–$143 demand zone firm since late April. A clean breakdown below would turn

Solana (SOL) Breaches $180: How High Can It Go This Weekend?

Solana (SOL) has been making waves in the crypto market, and the burning question on everyone's mind is: how high can it go this weekend after Solana has outperformed major crypto coins this bull season to breach an ATH of $180. Here’s how high it can go this week? This article delves into the factors influencing Solana's price and explores potential price targets.

Solana's Recent Price Action: A Bullish Signal?

On the daily chart, Solana retested the $180 level following a breakout from a symmetrical triangle pattern, a move that indicates a bullish trend. However, with resistance still present, can it sustain the momentum? Breaking past $180 has been a challenge, with Solana failing to attempt it in recent weeks. To reach this level, SOL would need to rally 40%, which becomes more challenging in the short term.

Technical Analysis and Key Support Levels

Analyzing the technical charts reveals crucial support and resistance levels. SOL has bounced off a key weekly support and could rise to $180 if momentum picks up. Keeping an eye on these levels is essential for making informed investment decisions. To maintain the $180 Solana price prediction on track, bulls must continue to hold the $140–$143 demand zone firm since late April. A clean breakdown below would turn the short-term outlook bearish.

The Role of Solana's Ecosystem

The growth of the Solana ecosystem is a significant driver of its price. Solana-based decentralized apps have made five times more money, highlighting the network's increasing adoption and utility. This increased activity fuels demand for SOL, potentially driving its price higher.

Conclusion: Solana's Potential This Weekend

While predicting exact price movements is impossible, Solana's recent bullish momentum, coupled with a thriving ecosystem, suggests potential for continued gains. Keeping a close watch on key support and resistance levels, as well as developments within the Solana network, is crucial for navigating the market. While $180 remains a key level, a sustained breakout could lead to even higher targets this weekend.

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