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Solana at $148: Bullish Momentum Could Lead to $204.31 Breakout Soon
- Solana is testing critical Fibonacci levels suggesting a potential price reversal at key support zones.
- A falling wedge pattern signals bullish momentum with breakout targets at $204.31, $229.01, and $258.45.
- RSI at 43.17 indicates neutral sentiment while MACD shows bearish momentum; watch for breakout confirmation.
- Solana is within strong Fibonacci support levels, potentially leading to a market price reversal.
- Bullish momentum is indicated by a falling wedge pattern, suggesting an upcoming breakout.
- Analyst predicts breakout targets at $204.31, $229.01, and $258.45 if existing resistance levels are overcome.
- RSI at 43.17 reflects neutral market sentiment, indicating a period of consolidation.
- MACD shows bearish momentum with the potential for a trend reversal if Fibonacci support levels are breached.
- Solana's price movement is currently at critical Fibonacci levels with opportunities for an upward trend.
- RSI neutrality and bearish MACD momentum are countered by the potential bullish reversal shown by the falling wedge pattern and strong support levels.
- Market watchers should monitor for breakout confirmation in the $128 to $140 range with targets at $204.31, $229.01, and $258.45.
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