Solana Price Shows Strong Bullish Momentum After Falling Channel Breakout
Typically, when stablecoin supply increases, it denotes that potential upward trend is positioning in the market.
Analyst Flags Solana Breakout, Eyes $171 Target
In a recent post on X, Crypto Analyst King Arthur has given a bullish call on Solana. According to his analysis, SOL has finally escaped a falling channel and displayed bullish momentum. He notes that holding above the $143 level would strengthen bullish confidence, while a decisive close above $152 could confirm a renewed uptrend.
FAQs
SOL is forming higher highs, breaking a falling channel, and seeing rising user activity, signaling accumulation and improving market confidence.
Higher daily active users suggest growing adoption, more real usage, and a healthier ecosystem supporting price growth.
Solana stock, with its strengths in fundamentals, still holds significant prominence. That said, we can expect its glory to shine brighter with resolutions to shortcomings and major Solana news.
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