- Solana confirms a hidden bullish divergence
- Break above $233.8 could trigger major rally
- Price target set at $457.97, indicating 93% upside
Solana ($SOL) has been showing strong signs of bullish momentum, following the confirmation of a hidden bullish divergence on its charts. This technical indicator often suggests a potential price increase even when overall market sentiment remains cautious.
Currently, the market is watching Solana’s price action closely around the $233.8 level. This is a critical resistance zone that, if broken and held, could validate a strong upward move. According to analysts, the confirmation of this divergence is still valid, supporting the idea that a new rally could be underway.
Potential for a 93% Surge
Should Solana manage to break and hold above $233.8, it opens the door for a significant run-up in price. The next key price target is set at $457.97, which represents a potential 93% gain from the breakout point.
Traders are now anticipating increased buying pressure and volume if the $233 mark is flipped into support. This scenario could attract both short-term traders and long-term investors looking for momentum-driven opportunities.
Key Resistance and Momentum Outlook
The bullish divergence suggests underlying strength in Solana’s price, despite recent consolidations. Technical traders often look for such patterns as early signals for trend reversals or continuations.
Still, caution is advised. While the setup is promising, actual confirmation with volume and momentum above $233.8 is necessary for the rally to materialize. Watching the weekly close and how Solana reacts to market-wide conditions will be crucial in the coming days.
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- Solana Eyes $457 After Bullish Divergence Confirmed
