\nSolana Price Prediction: The exhausted bullish momentum hints the SOL price may witness a minor pullback before making the next leap.\t\t\t\t<\/p>\n
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Solana Price Prediction: In the last two weeks, the Solana (SOL) coin has emerged as a standout performer<\/a>, soaring from a low of $21.01 to a high of $31.3\u2014a staggering 40% increase. This upward momentum has breached some crucial resistance like $25 and brought the coin to a three-month high of $31.4. But how much further can buyers push this rally?<\/span><\/p>\n <\/p>\n Also Read: SOL Price Shoots $30 As Solana Investment Products Record $15 Million Inflows<\/a><\/p>\n On the daily chart, the Solana price<\/a> is exhibiting a steady recovery, adhering to the formation of a rising channel pattern. In the last 10 months, the pattern\u2019s twin trendlines have acted as dynamic support and resistance levels for market participants.\u00a0<\/span><\/p>\n Fueled by the current market sentiment and an intraday gain of 1.3%, the coin is steadily approaching the channel\u2019s upper trendline. If buying pressure is sustained, the SOL price could potentially gain another 20%, aiming for the overhead resistance level of around $36.<\/span><\/p>\n However, today\u2019s daily candle shows a long-wick rejection near the $30 psychological resistance, indicating that a minor pullback may be on the horizon. Interestingly, during its current rally, this altcoin has experienced similar pullbacks but has never fallen below the 61.8% or 50% Fibonacci retracement levels<\/a>.\u00a0<\/span><\/p>\n<\/blockquote>\n Therefore, the expected pullback could find ample support at around the $26 level, followed by the $24.4 level, providing enough fuel for the coin to resume its bullish trajectory toward the aforementioned target.<\/span><\/p>\n <\/p>\n Given the high volatility the SOL price has witnessed over the past 10 months, its adherence to a rising channel pattern suggests a relatively steady recovery is possible as long as these trendlines hold. While the lower trendline offers a safety net against major corrections, a breakout above the upper trendline could set the stage for a more aggressive rally.<\/span><\/p>\n \n Share this article on:<\/p>\n –><\/p>\n Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\nIs SOL Price Heading to $36?<\/b><\/h2>\n
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![\"Solana](\"https:\/\/s3.tradingview.com\/snapshots\/4\/4KtJyHU8.png\")
Source-<\/span>Tradingview<\/span><\/p>\n\n
Can Buyers Sustain the Current Recovery?<\/b><\/h2>\n
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