How Solana’s Bullish Trajectory Could Lead to a $120 Breakout?

• Solana (SOL) experienced a significant rebound, breaking the ascending channel pattern.
• SOL touched $99 but may face resistance at $100; sustaining above $104 could lead to further gains.
• Bullish momentum could push SOL toward $120 next week if buyers breach the $100 level.

Solana (SOL) has made headlines with a remarkable resurgence. The cryptocurrency witnessed a substantial rebound, breaking free from the confines of its ascending channel pattern. This development underscores the notable buying interest from bullish traders.

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Solana’s price journey reached a high point of $99, a significant milestone. However, as it approaches the coveted $100 mark, it may encounter some resistance. The pivotal question on the minds of investors and traders alike is whether Solana can maintain its position above $104 without experiencing significant losses.

The answer to this question holds the key to the cryptocurrency’s short-term future. If the bulls manage to sustain their position above $104, the likelihood of the uptrend continuing remains strong. In such a scenario, buyers pushing SOL above the $100 level could set Solana on a trajectory toward $120 in the upcoming week.

Solana’s recent performance has been nothing short of impressive, capturing the attention of the crypto community. The breakout from the ascending channel pattern is a clear signal of the strong buying interest driving this rally.

As Solana enthusiasts closely monitor these developments, the cryptocurrency’s future potential is a topic of considerable interest. With the right conditions and sustained bullish sentiment, Solana appears poised for a positive trajectory within the crypto industry.

Read also:

• When Can We Expect Solana to Surpass the $75 Mark and Target $100?
• Is Solana Dead? Here are the Facts Pushing SOL to Ground
• What’s Behind Solana’s Remarkable 20% Price Jump?
• Why is SOL’s 20% Surge More Than Just Riding Bitcoin’s Coattails?
• Can Solana (SOL) Enter the Top 10 Cryptocurrencies in 2023?