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SOL Bulls Eye Breakout as BlackRock’s Move Sparks Solana Excitement

Summary by Crypto News Flash

Solana (SOL) reacts to BlackRock’s announcement to launch yield-bearing tokenized treasury funds on the network as market sentiment flips to the positive territory. Analysts have predicted that SOL could surge to $300 and subsequently move to $3,800 once Ethereum stages a bullish reversal. Solana (SOL) is struggling to hold its position about the current support level of $125, as it records negative declines across all the notable trading sess…

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The Market Periodical

Solana (SOL) Price Teases 74% Rebound: Will $218 Be Next?

Key Insights: Solana forms a falling wedge, targeting a 74% breakout. RSI near 40 suggests room for a bullish reversal. $117 support remains critical for short-term price direction. Solana (SOL) traded near $124 on March 31, testing key support at $117. Traders observed closely for signs of a possible bullish reversal. The level coincides with the 1.618 Fibonacci retracement, with multiple analysts flagging the zone as a critical pivot point. S…

2 days ago

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