🚀 SOLANA EYES $260—BUT FIRST, $180 MUST FALL! 🚀
🔹 Bull Flag Breakout: SOL is forming a textbook bull flag on the daily chart. A breakout above $180 could trigger a rally to $200, with potential upside to $220 and even $260 if momentum sustains.
🔹 Key Resistance: The $180 level is a significant resistance. A decisive bullish breakout above this level is needed to validate the bull flag pattern and initiate the next leg of the rally.
🔹 Volume Concerns: Analysts advise caution due to declining spot buy volumes during the consolidation phase, which could stall the breakout.
🔹 Support Levels: If SOL fails to breach $180, the immediate key area of interest is between $140-150, which should provide higher time frame support in case of a price correction.
🔹 Fractal Analysis: Crypto trader Robert Mercer points out a price fractal pattern similar to October 2024, suggesting a breakout above $180 could mirror the late 2024 rally that saw SOL peak near $260.
🔹 Hidden Bullish Divergence: Technical analyst Javon Marks identifies a hidden bullish divergence on Solana's 3-day chart, a pattern that previously triggered a 1,332% surge in 2024
📊 POLL: Will SOL break above $180 and rally to $260?
· 🚀 Yes, breakout imminent
· 🐻 No, resistance will hold
💬 Your Move: Drop your emoji & tag @FaisalCrypto007 !
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