{"id":643626,"date":"2024-09-21T12:00:29","date_gmt":"2024-09-21T12:00:29","guid":{"rendered":"https:\/\/wncen.com\/?p=643626"},"modified":"2024-09-21T07:09:12","modified_gmt":"2024-09-21T07:09:12","slug":"solana-sol-eyes-major-breakout-after-holding-120-support-level-details","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/solana\/solana-sol-eyes-major-breakout-after-holding-120-support-level-details\/","title":{"rendered":"Solana (SOL) Eyes Major Breakout After Holding $120 Support Level – Details"},"content":{"rendered":"

Popular crypto analyst Peter Brandt has unveiled a bullish outlook for Solana predicting the prominent altcoin may be set for a significant price surge in future weeks. This price forecast comes in a glaring contrast to Brandt\u2019s recent prediction where the analyst had expressed fears over Solana suffering a major price fall.
\n<\/span><\/p>\n

Related Reading: Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next?<\/a><\/div>\n

How High Can Solana Go?<\/strong><\/h2>\n

Earlier this week, NewsBTC reported<\/a> Brandt\u2019s prediction of SOL slipping to $80 if the altcoin failed to defend a support level around $120. Notably, SOL had presented a down price movement for the majority of the week trading as low as $128 on Thursday.<\/span><\/p>\n

Albeit, the fifth largest cryptocurrency has turned the corner in the last 48 hours, reaching a peak price of $151 on Friday. Peter Brandt noted this upward price action as Solana holding the $120 price level which the altcoin has consistently done over the last six months.<\/span><\/p>\n

However, Brandt postulates<\/a> that SOL may now be gunning for a \u201csizeable\u201d advance. While the expert analyst did not provide a specific price target, investors could anticipate a major upswing as Brandt expects price movement over the next 72 weeks.<\/span><\/p>\n

\n

Attention all cryptomaniacs.
\nLooks like $SOL<\/a> $SOLUSD<\/a> held support at $120
\nThis could become a rectangle capable of launching a sizable advance pic.twitter.com\/id0eTzzsVW<\/a><\/p>\n

\u2014 Peter Brandt (@PeterLBrandt) September 20, 2024<\/a><\/p><\/blockquote>\n

This period of time is expected to include the crypto bull run for which SOL has been tipped to be an outstanding performing asset. In the last bull run, the altcoin emerged as the top market gainer rising by over 1500% to attain an all-time high of $260.\u00a0<\/span>Interestingly, aside from long-term gains, Solana investors could also expect an immediate price rise, especially as Q4 approaches.\u00a0<\/span><\/p>\n

With Bitcoin tipped to embark on a bullish trend starting in October,<\/a> Solana, alongside other cryptocurrencies, would likely be influenced by the crypto market leader which may result in substantial gains for the altcoin.\u00a0<\/span><\/p>\n

Notably, SOL moved around $22 to $112 in Q4 2023, registering a 400% profit as Bitcoin climbed from around $27,000 to $44,000 within the same period. If the prominent altcoin repeats previous actions, it could rise to around $725 by December and $2,175 in the next year.<\/span><\/p>\n

\"Solana\"<\/p>\n

Related Reading: This Solana Memecoin Climbs 36%, On The Verge Of Reaching $1 And Record Highs<\/a><\/div>\n

SOL Price Overview<\/strong><\/h2>\n

At the time of writing, Solana trades at $145.16 with a 2.20% gain on the past day. The token\u2019s price reflects a steady performance over the last few weeks with gains of 4.62% and 3.03% over the past seven and thirty days respectively. Meanwhile, Solana\u2019s daily trading volume is up by 23.07% and is valued at $3.17 billion.\u00a0<\/span><\/p>\n

\"Solana\"
SOL trading at $144.85 on the daily chart | Source: SOLUSDT chart on Tradingview.com<\/figcaption><\/figure>\n
\n
Featured image from Vecteezy, chart from Tradingview<\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Popular crypto analyst Peter Brandt has unveiled a bullish outlook for Solana predicting the prominent altcoin may be set for a significant price surge in future weeks. This price forecast comes in a glaring contrast to Brandt\u2019s recent prediction where the analyst had expressed fears over Solana suffering a major price fall. Related Reading: Solana (SOL) Flies 12% To Reclaim $140, Is $160 Next? How High Can Solana Go? Earlier this week, NewsBTC reported Brandt\u2019s prediction of SOL slipping to $80 if the altcoin failed to defend a support level around $120. Notably, SOL had presented a down price movement for the majority of the week trading as low as $128 on Thursday. Albeit, the fifth largest cryptocurrency has turned the corner in the last 48 hours, reaching a peak price of $151 on Friday. Peter Brandt noted this upward price action as Solana holding the $120 price level which the altcoin has consistently done over the last six months. However, Brandt postulates that SOL may now be gunning for a \u201csizeable\u201d advance. While the expert analyst did not provide a specific price target, investors could anticipate a major upswing as Brandt expects price movement over the next 72 weeks. Attention all cryptomaniacs. Looks like $SOL $SOLUSD held support at $120 This could become a rectangle capable of launching a sizable advance pic.twitter.com\/id0eTzzsVW \u2014 Peter Brandt (@PeterLBrandt) September 20, 2024 This period of time is expected to include the crypto bull run for which SOL has been tipped to be an outstanding performing asset. In the last bull run, the altcoin emerged as the top market gainer rising by over 1500% to attain an all-time high of $260.\u00a0Interestingly, aside from long-term gains, Solana investors could also expect an immediate price rise, especially as Q4 approaches.\u00a0 With Bitcoin tipped to embark on a bullish trend starting in October, Solana, alongside other cryptocurrencies, would likely be influenced by the crypto market leader which may result in substantial gains for the altcoin.\u00a0 Notably, SOL moved around $22 to $112 in Q4 2023, registering a 400% profit as Bitcoin climbed from around $27,000 to $44,000 within the same period. If the prominent altcoin repeats previous actions, it could rise to around $725 by December and $2,175 in the next year. Related Reading: This Solana Memecoin Climbs 36%, On The Verge Of Reaching $1 And Record Highs SOL Price Overview At the time of writing, Solana trades at $145.16 with a 2.20% gain on the past day. The token\u2019s price reflects a steady performance over the last few weeks with gains of 4.62% and 3.03% over the past seven and thirty days respectively. Meanwhile, Solana\u2019s daily trading volume is up by 23.07% and is valued at $3.17 billion.\u00a0 Featured image from Vecteezy, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":643634,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[84543],"tags":[428,17269,83626,86410,83627],"class_list":["post-643626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solana","tag-bitcoin","tag-peter-brandt","tag-solana","tag-solusd","tag-solusdt"],"acf":[],"yoast_head":"\nSolana (SOL) Eyes Major Breakout After Holding $120 Support Level - Details<\/title>\n<meta name=\"description\" content=\"Peter Brandt has unveiled a bullish outlook for Solana predicting the altcoin may be set for a significant price surge in future weeks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/solana\/solana-sol-eyes-major-breakout-after-holding-120-support-level-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana (SOL) Eyes Major Breakout After Holding $120 Support Level - 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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