A strong upward trend
The upward trend for SOL started in mid-October, breaking out of a sideways channel that had been holding since November 2022.
That initial surge took SOL to the top of the channel and beyond the resistance at $41. Since then, SOL has been experiencing a strong upward movement, with a recent pullback of around 23% over the last few days.
SOL breaks out
After the pullback, SOL has managed to break through the downward wedge. It is currently facing strong resistance, but if it manages to break higher, SOL could reach $120 and potentially $140.
The KAS rocketship
Over the past year, KAS has been on an upward trajectory, going from 1 cent to a new all-time high of 15 cents. However, it has entered a consolidation phase in recent weeks.
KAS breaks the wedge
In the past couple of days, KAS has broken out of a bullish wedge. It is currently at resistance, and if it manages to break through, it could reach new all-time highs and continue its price discovery journey.
Hot Take: SOL and KAS show strong potential for further growth
Both SOL and KAS have demonstrated strong upward trends and breakout patterns, indicating the potential for further growth. SOL’s recent pullback could be seen as a healthy correction before another upward push, while KAS’s breakout from a consolidation phase suggests new all-time highs may be on the horizon. These developments highlight the opportunities for traders and investors who are looking to capitalize on the upward momentum of these cryptocurrencies.
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