Analyst Jelle tweeted recently that Solana was closely following the February-March playbook. This suggests the price will find its bottom soon before the next upward leg.
According to Jelle’s analysis, the formation of a post-breakout higher low is considered a bullish signal. It is possible that the price found a bottom temporarily and it’s poised for upward movement.
The analyst’s reference to the Feb-March playbook suggests that Solana’s current price action is mirroring a previous pattern observed earlier this year. Jelle has predicted that SOL will experience another surge in price due to this similarity.
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Solana Price Predictions This Week
The Cryptocurrency Experts at Changelly have also weighed in on Solana’s potential price trajectory for the current week. Their analysis suggests that the SOL minimum price could be as low as $157.57 while the SOL maximum may reach up to $180.05. The experts predict that Solana’s value will average around $168.81 over this period.
This week, Solana could have an impressive performance based on these price predictions. SOL could also test important resistance levels to attract greater investor interest.
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Solana’s Path to $200 : Will he Reach this Milestone in a Week?
Investors are wondering whether Solana is able to reach the $200 mark this week, given the recent formation of the post-breakout lower low as well as the bullish forecasts from experts and analysts. Although the volatility of the crypto market can be unpredictable, SOL’s current technical indicators and market sentiment suggest it has the ability to reach this milestone.
A rally to $200 is more likely if Solana breaks through the key resistance levels.
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Source: watcher.guru
