Solana Price Rallied 2,000% The Last Time This Happened, And It Just Triggered Again
The Solana (SOL) price is garnering renewed attention as it trades near a key historical Fibonacci zone ($40-$60), which previously triggered a massive 2,200% rally in 2023. Analyst Crypto Patel suggests this could signal a breakout from its prolonged slump, potentially leading to new highs and even a challenge of the $1,000 mark if market conditions align, especially during an altcoin season. However, not all outlooks are bullish. Another expert, 'The Martini Guy', warns of near-term downside risks, noting SOL has broken down on weekly charts and entered an illiquid zone. He cautions it could retest $40 or even $25 if sentiment worsens. SOL is currently trading around $65, down significantly over recent weeks amid bearish market structure and a lack of bullish catalysts.
bitcoinist06/12 15:51