Solana's Meteoric Rise: Reversal Patterns and New ATH Predictions
The Solana price is showing resilience above $80 amid a relief rally in the cryptocurrency market, with a 23% increase in a week to reach $97.3. The price reversal from the 38.2% Fibonacci retracement level and the potential "Cup and Handle" pattern on the chart suggest a significant trend reversal, with a breakout above $126 potentially leading to a target around $256. Factors such as the rising 100 and 200-day EMA and a potential bullish crossover in the Directional Moving Index indicate a sustained buying interest that could drive a substantial recovery for Solana.
