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Solana Eyes Explosive Rally If Key Channel Breaks

  • Solana (SOL) shows strength near $145 as analysts anticipate a major move.
  • Trading volume has decreased by over 33% in the last 24 hours, possibly indicating a cooldown period.
  • Crypto analyst Altcoin Gordon highlights an ascending channel on the weekly chart for SOL.
  • Gordon projects a rapid move to $500 and potentially $1,000 if SOL breaks above the channel.
  • Solana's circulating supply is around 528 million tokens, with a fully diluted valuation of $87.6 billion.
  • Despite a recent dip in market cap, Solana has gained 1.17% year-to-date.
  • The long-term uptrend for Solana remains intact until a decisive breakthrough of key resistance levels.

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