\nSolana Price Prediction: The Solana price break from another resistance set the recovery trend to reach higher.\t\t\t\t<\/p>\n
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\n <\/div>\n Solana Price Prediction: December has indeed started on a bullish note for most major cryptocurrencies, including Solana (SOL), which is currently ranked as the sixth-largest by market capitalization. Fueled by the overall positive sentiment in the crypto market, particularly led by Bitcoin price<\/a> recovery, the SOL price has experienced a noteworthy influx of investments. This trend resulted in a bullish breakout from its previous swing-high resistance of $68.15, signaling the potential continuation of the recovery trend and new breakout opportunities.<\/span><\/p>\n <\/p>\n Also Read: Solana (SOL) Price Jumps 5% As Founder Talks of Launching More Saga Phone Models<\/a><\/p>\n <\/p>\n The Solana price<\/a> returned to its recovery phase in late November, bouncing back from $61.40 support. Over the past three weeks, this recovery has propelled the coin by 40.3% to its current trading price of around $42.6.\u00a0<\/span><\/p>\n Amid this rally, the coin price breached the $68.1 resistance level indicating that the last correction has allowed buyers to rejuvenate the bullish momentum. If the SOL price manages to sustain a close above this resistance, it could be used as a new support level to further the recovery trend.<\/span><\/p>\n<\/blockquote>\n The recovery trajectory of the Solana price appears to align with the Elliott Wave Theory, a technical analysis tool used to predict price movements by identifying recurring wave patterns. According to this theory, if the given chart analysis is correct, the SOL coin experienced a fourth wave correction during the third and fourth weeks of November.\u00a0<\/span><\/p>\n <\/p>\n Now, with the prevailing bullish sentiment, the SOL price appears to be entering the fifth wave, often characterized by rapid growth<\/a>. Utilizing the Fibonacci extension tool, it\u2019s projected that SOL could surge by 18% to reach the 0.618 Fibonacci level at $85.8, with a possibility of extending further to the 1.68% Fibonacci level at $143.<\/span><\/p>\n \n Share this article on:<\/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>\n <\/p><\/div>\n
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\n <\/span><\/div>\n<\/p><\/div>\nIs SOL Price Ready to Surge Higher<\/b><\/h2>\n
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Will Solana Price Hit $100<\/strong><\/h2>\n
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