Solana (SOL) Kick-Starts Journey toward $115 – Price Prediction
- SOL price rebounds from the demand zone at $65.91 – $82.00, suggesting a 40% surge.
- Solana starts its upside move and might climb to test the hurdle at $115.51.
- A 24hr candle close beneath $65.91 will cancel the bullish thesis.
Solana saw massive rejections after touching a critical hurdle, translating to steep corrections. The move had Solana on a launchpad, suggesting a possible recovery that erases the latest losses. The token’s optimistic view aligns with an ongoing bullish wave in the overall marketplace.
Solana Plans to Recover Recent Losses
Solana’s price hit the demand territory between $65.91 and $82.00 two times within the previous month. The 2nd retest emerged after rejection near the breaker’s lower border around $115.51. Furthermore, Solana’s 8% surge within the past 24hrs shows the token ready for substantial recovery.
Keeping this momentum appears possible in the upcoming sessions. Interested market platers may execute long positions at the current price and take profits as Solana surges highs. Though it may take days, SOL should overcome the closest resistance zones at $93, $101, and $110 to clear the patch towards the breaker’s lower boundary at $115.51.
Such a move would mean a 43% ascent. Any action past this obstacle appears unlikely, and that will attract profit-booking by investors.
Though the optimistic view, it might take some days for the uptrend to play out. Meanwhile, that increases uncertainty amid volatile markets. A possible increase in selling momentum that knocks SOL to form a daily candle close beneath $65.91 will cancel the bullish thesis. That way, Solana might witness continued fall towards the support floor at $51.98.
For now, Solana bulls appear prepared for uptrends towards the $115 value area. Moreover, the improving market sentiment backs the altcoin’s upward journey. While publishing this content, Bitcoin traded with overnight gains near $38,874. The crypto might surge past the $40K psychological mark, triggering near-term bullishness in the entire crypto space. That way, Solana can climb towards its predicted highs without hurdles. However, buyers need to step up for the bullish narrative to surface.
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