Solana is on the verge of a significant breakout, with its price nearing a critical resistance level at $142. Analysts highlight a Wyckoff Reaccumulation pattern, suggesting a potential long-term uptrend toward $300–$600. Currently trading around $136.9, Solana's price could extend to $540 or higher if it surpasses the $250–$260 range, marking the start of Phase D in the Wyckoff model.
The cryptocurrency has demonstrated stronger relative performance compared to Bitcoin and Ethereum, indicating increased capital inflow into the Solana ecosystem. A successful breakout could solidify Solana's position as a leading asset in the crypto market.
Solana Targets $540 as Wyckoff Pattern Indicates Potential Upswing
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