Solana Approaches Key Resistance Amid Bullish Technical Pattern
- Solana is trading at $151, near the crucial $160 resistance zone.
- The cryptocurrency has surged 58% since early April.
- Analyst Ali Martinez identifies a cup and handle pattern, suggesting potential bullish breakout.
- A breakout above $160 could lead to a rally toward the $180 mark, aligning with the 200-day MA.
- Failure to break resistance may result in a correction towards the $120–$100 support area.
Solana’s price action remains tight below the key $160 resistance level, with technical indicators favoring a potential bullish breakout if sustained momentum continues. However, risks of market volatility persist.
Source (2.6)https://www.newsbtc.com/news/solana/solana-forms-textbook-cup-and-handle-pattern-massive-breakout-ahead/?rand=52377
