Solana Bounces Back and Targets $117
Solana, the popular cryptocurrency, has quickly rebounded after a brief dip below $100. The recent rally has put Solana back on the offensive, with its sights set on breaking through the resistance at $117.
Buyers Take Advantage of the Dip
When Solana’s price dropped below $100, buyers seized the opportunity to purchase the cryptocurrency at a discounted price. The surge in buying volume completely changed the price action and turned Solana bullish once again.
Daily RSI Signals Bullish Momentum
Thanks to this strong performance, Solana’s daily Relative Strength Index (RSI) has moved above 50 points, indicating a shift in sentiment and suggesting that the rally is likely to continue.
Bullish Bias for SOL
The overall bias for Solana is bullish, indicating that there is optimism and positive sentiment surrounding the cryptocurrency.
Short-Term Price Prediction for SOL
Solana is on track to reach $117. If it successfully breaks above this key level, the next target will be $126.
🔥 Hot Take: Solana’s Resilience Shines Through 🔥
Solana has proven its resilience by quickly bouncing back from a dip below $100. The strong buying volume and bullish RSI signal indicate that there is significant momentum behind Solana’s current rally. With its sights set on breaking through $117, Solana continues to show its strength in the market. As a crypto enthusiast, you should keep a close eye on Solana as it continues to make waves in the industry.
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