Solana Price Projection and Latest Market Update: 🔥🔥💥💥🚀🚀🚀
Grayscale's Parent Firm Sells Solana Holdings Grayscale's parent firm has divested from 18, 862 GSOL shares, worth over $170, 000, thereby initiating the discussions around Solana price predictions. This disposal has led to fears of a possible downside risk, however, SOL price has bounced back and recorded a 3. 2% increase in the past day.
Technical Analysis
, Breakout Above Falling Wedge: SOL has broken out of a falling wedge pattern, hinting at the continuation of the bullish trend.
, Key Support Level: Should $125 become solid support, SOL could next aim at $135, after which there might be a push toward $145.
, Relative Strength Index (RSI): The RSI has moved above the 14, period moving average, thus reflecting an upturn in the market mood.
Market Sentiment
Regardless of the sale, overall market sentiment appears to be on the up with the traders showing confidence in the SOL's capabilities. The cryptocurrency has markedly rebounded from the $120 support level, and experts foresee a possible rally beyond $150.
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