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Solana Confirms Hidden Bull Divergence: Is a 107% Surge Now in Play?
In recent market developments, Solana’s price has confirmed a Hidden Bull Divergence pattern, indicating a strong recovery move that could lead to a substantial surge of over 107%. This technical signal reinforces the possibility of a further increase in the asset’s value.
As reported by CoinMarketCap, Solana’s price rose 6.56% within 24 hours, reaching $133.15 and with trading volume surging to $3.23 billion. The market structure supports SOL’s bullish momentum, with key resistance levels indicating a breakout beyond $233.80 and potentially as high as $457.97.
Javon Marks’ analysis highlights that after an uptrend, the price formed a support level before declining. The RSI at the bottom shows a downward trend, indicating weaker momentum. Notably, the current price is near the support zone, which previously acted as a base before upward movements.
The confirmation of this Hidden Bull Divergence pattern aligns with historical movements that have led to significant breakouts in the past. With SOL reclaiming key levels, the market conditions favor a bullish continuation.
Source: https://cryptonewsland.com/solana-confirms-hidden-bull-divergence-is-a-107-surge-now-in-play/
