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Solana Triangle Formation Breakout Targets Rally To $164 – Is A Recovery Around The Corner?

  • Solana (SOL) has shown signs of recovery and a breakout from a bullish formation, targeting a rally to $164.
  • After bouncing back from its recent drop to $140, SOL has gained 2.45% in the weekly timeframe, reclaiming key support levels.
  • Analysts suggest that a breakout confirmation could push SOL to $164 and potentially towards $180 and $200 levels, but failing to maintain current levels may lead to a retreat to $142 or $135.
  • Market watchers indicate that if global conflicts do not hinder, Solana could climb higher, with one suggesting a potential target of $300 in the future, while a confirmed breakout above a bullish pattern could lead to new all-time highs.

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