đ Solana Bullish Pattern Holds â Crypto Analyst Sets $202 Target
Solana is showing strength as it pushes above the critical $171 levelâa price that previously acted as supply and now serves as a solid demand zone. This level is relevant for bulls, as holding above could pave the way for a rally in the coming weeks.
Crypto analyst and investor Carl Runefelt recently shared a technical analysis indicating that Solanaâs current price action remains bullish as long as it sustains support above this mark.
Solanaâs ability to turn former resistance into a support base reflects increased demand, which could act as a catalyst for further upward momentum. The market is closely monitoring these movements, and the next few days are expected to be crucial for Solana.
If #SOL maintains its trajectory above $171, it may spark optimism for an extended uptrend. Investors will likely keep a close eye on Solanaâs price dynamics, as any shift below this level could alter the short-term outlook for one of cryptoâs most promising assets.
đ¸ Solana Testing Liquidity
Top investor Carl Runefelt recently shared his insights on X, highlighting the significance of Solanaâs head and shoulders pattern. In his analysis, Runefelt noted that a successful neckline retest would confirm the bullish trendâs strength.
Runefeltâs chart analysis further indicates that as long as SOL remains above the neckline, bullish momentum is expected to persist, with his target price set at $202 in the short term.
This potential upward movement has caught the attention of both investors and traders who are looking at the $202 level as an achievable target if the current bullish trend continues. Runefeltâs analysis underscores that the neckline acts as a critical support levelâone that, if maintained, could drive strong buying interest. However, any break below this neckline could shift the momentum, potentially leading to a more cautious outlook.
With the head and shoulders structure forming, Solanaâs price action will be crucial in the next few days.
