Solana Price Could Surge with Bullish Patterns
- Solana ($SOL) is forming a cup-and-handle pattern, indicating a potential price target of $3,800.
- Technical analyst Ali Martinez highlights the importance of breaking resistance at the cup’s peak for upward movement.
- A Hidden Bull Divergence pattern is identified by Javon Marks, suggesting a recovery to $270.
- The current Solana price is $132, an 8% increase in the past 24 hours.
- The market cap has reached $67.28 billion with a trading volume of $3 billion in the last day.
Analysts identify bullish patterns in Solana’s price movements, including a cup-and-handle formation and Hidden Bull Divergence, which could lead to significant gains if key resistance levels are surpassed. At present, Solana trades at $132 with increased market activity.
Source (2.6)https://coingape.com/solana-price-could-hit-3800-if-this-bullish-pattern-plays-out/?rand=24432