Solana’s big comeback will break the $3,800 barrier?

-

I have some good news, guys! Solana is in a bit of a pickle right now. It’s been plummeting over 37% since March, and the whole crypto market is feeling the heat.

Trade wars and economic uncertainty have everyone on edge, and SOL is struggling to hold on to its key support levels.

But here’s the thing, some top analysts are saying something big is coming.

Textbook pattern, textbook gains?

Ali Martinez, a quite big name in crypto analysis, is pointing out that Solana is forming a classic cup-and-handle pattern.

This is like a secret signal for traders that a big breakout might be coming.

If this pattern plays out, SOL could skyrocket to $3,800, and you know, that’s a sick 2,900% gain from where it is now! Can you imagine that? It’s like hitting the jackpot.

Two sides of a coin

But let’s not get ahead of ourselves. Solana needs to overcome some serious resistance levels first.

It’s currently stuck below $130, and it’s been trying to break through that barrier for a while now. If it can’t push past $130 and make a run for $150, things could get ugly.

A drop below $125 could send SOL tumbling down to around $100-$105, where buyers might step in to stabilize things. What $3,800? Welcome to goblin town!

All eyes on the next weeks

Here’s the deal, the next few weeks are the make-or-break time. If the market starts to turn around, Solana could be one of the top performers.

It’s happened before, Solana has made some impressive comebacks after tough times. So, keep your eyes on this one.

It’s like watching a sports game, you never know when the underdog might make a stunning comeback.

And if Solana does break out, it’ll be huge, a real game-changer in the crypto market.

Have you read it yet? Gold’s golden moment is here, Bitcoin left in the dust

Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Bitcoin Slides to Low $70,000s as Daily Breakdown Meets Monthly RSI Turning Point

Bitcoin slid hard on the daily chart and then staged a small rebound, according to a TradingView snapshot shared by X. BTCUSD fell through a...

Ethereum Crashes 32% as ETH Breaks Key Support, Liquidations Stack Above $2K

Ethereum slid sharply on Feb. 6, extending a multiweek decline and breaking below its last visible support band on the daily chart. ETH fell from...

Bitcoin Crashes to $66K as Binance Liquidations Cluster Near $60K

Bitcoin sank to the mid $60,000s on Feb. 6, sliding to about $66,218 on the daily BTCUSD chart from Bitstamp. Price printed a session low...

XRP Faces Make or Break Moment as Falling Wedge Meets $1.43 Weekly Support

XRP/USD trades inside a falling wedge pattern on the daily chart, based on the structure shown on TradingView on Feb. 5. The pattern formed as...
120FollowersFollow

Most Popular

Guest posts