$SOL

Rakesh Upadhyay

12 hours ago

#SOL news update: Bullish chart setup trumps Solana ETF delay

SOL news update: Bullish chart next day

Key point:

SOL’s narrowing range suggests a potential range expansion in the next few days. The possibility of an upside breakout remains high as the bulls buy on every minor dip.

Could Solana rise above its overhead resistance in anticipation of a possible approval down the line? Let’s analyze the charts to find out

#SOL/USDT daily chart. Source: Cointelegraph/TradingView

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A positive in favor of the bulls is that they have not allowed the price to dip and sustain below the 20-day exponential moving average (EMA) ($149). The trading range is narrowing, signaling a possible breakout within the next few days.

If the price surges above $159, the momentum could pick up and the #SOL/USDT pair could rally to $168 and eventually to $185.

buy and trade now