cryptowithpotato

Solana Eyes $200, But Market Sentiment Remains Mixed

by cryptowithpotato May 17, 2025

Main Takeaways:- Solana is showing a “cup-and-handle” chart pattern, which often suggests a possible price increase. At the same time, most traders on Binance are betting that the price will go up. Feelings and online activity around Solana are still low, showing that people are being careful, even though the charts suggest the price might go up. Solana (SOL) is creating a textbook cup-and-handle pattern in the weekly chart. At present, the price is testing the neckline resistance between $200 and $210 following a rebound from $135. At the time of reporting, SOL traded at $170.20, pointing to a 1.57% decline in the past 24 hours. Even though the price dropped a little, the chart pattern stayed strong, and buyers are still trying to push the price above the downward trendline. So, if the price clearly moves above $200, it could lead to a strong upward move and confirm that the trend is turning bullish. Neutral Trading Activity Edges Toward Outflows Exch...

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Solana Eyes $200, But Market Sentiment Remains Mixed

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