đ Big news from the Solana community! According to technical analysis, Solana could potentially rise by 2000% based on the "cup and handle" formation on its weekly chart. đ
đ What does this mean?
Cup and Handle Formation: A bullish technical pattern is unfolding. This structure often signals a breakout after a consolidation period (the "handle").
Altseason Boost: With Bitcoin's halving in 2024, we could see a new altseason that might further drive SOL's price higher.
đ Key Levels to Watch:
Resistance at $205: If SOL breaks above this, it could surge all the way to $4,500 by 2025!
Altseason Momentum: After the Bitcoin halving, many altcoins, including Solana, tend to rally. This could provide a perfect storm for SOL to reach new all-time highs. đ
đĄ Final Thoughts
While this pattern is exciting, always stay cautious. 61% of cup-and-handle patterns reach their target, so monitoring market conditions is crucial. đ But if the momentum holds, 2024 could be a huge year for Solana!
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