{"id":133550,"date":"2024-07-20T11:20:04","date_gmt":"2024-07-20T08:20:04","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133550"},"modified":"2024-07-20T11:05:19","modified_gmt":"2024-07-20T08:05:19","slug":"solana-skyrockets-20-in-a-week-what-experts-expect","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/solana-skyrockets-20-in-a-week-what-experts-expect\/","title":{"rendered":"Solana Skyrockets 20% in a Week &#8211; What Experts Expect"},"content":{"rendered":"<p>This surge has traders excited, with many expecting a big price rally due to the bullish chart pattern. Some analysts identified a pennant pattern on <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">SOL\u2019s<\/a><\/strong> 1-day chart on July 18, suggesting a potential price breakout.<\/p>\n<p>This pattern, forming a triangle after a price decline, indicates a possible move in either direction. In addition, the need for close monitoring was emphasized by hinting at a potential price increase if the pennant breaks up.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udea8 <a href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Solana<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SOL<\/a> HUGE PENNANT on the 1D chart!<\/p>\n<p>Watch out for this price action! <a href=\"https:\/\/t.co\/GF2BfV0Dtv\" rel=\"nofollow\">https:\/\/t.co\/GF2BfV0Dtv<\/a> <a href=\"https:\/\/t.co\/Hlh73PKHq9\" rel=\"nofollow\">pic.twitter.com\/Hlh73PKHq9<\/a><\/p>\n<p>\u2014 CryptoBusy (@CryptoBusy) <a href=\"https:\/\/twitter.com\/CryptoBusy\/status\/1814014884293771448?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analyst InvestAnswers noted SOL\u2019s impressive performance among major cryptocurrencies, reinforcing the bullish outlook.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133522\" href=\"https:\/\/cryptodnes.bg\/en\/ethereum-whales-increase-holdings-as-etf-anticipation-boosts-market-confidence\/\" title=\"Ethereum Whales Increase Holdings as ETF Anticipation Boosts Market Confidence\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/What-is-Ethereum-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Ethereum Whales Increase Holdings as ETF Anticipation Boosts Market Confidence<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Despite this performance, trader known as \u201c<em>Honey<\/em>\u201d cautioned against aggressive strategies, noting that SOL has exceeded its near-term target of $160, recommending caution due to current market uncertainty.<\/p>\n<p>Crypto trader Tyler Durden expects a short-term decline before a new uptrend. He identifies a resistance zone between $160 and $165 and a support zone around $150-$155. Durden suggests placing buy orders in this range, expecting a rebound to $180 triggered by buyer activity.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SOL<\/a> \/\/ H7<\/p>\n<p>Looking for a little dip and for buyers to bounce it. Then I\u2019ll bid targeting 180. <a href=\"https:\/\/t.co\/uuqwoTNIla\" rel=\"nofollow\">pic.twitter.com\/uuqwoTNIla<\/a><\/p>\n<p>\u2014 Tyler (@TylerDurden) <a href=\"https:\/\/twitter.com\/TylerDurden\/status\/1814132615378837734?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) saw a significant increase, rising 21.7% in one week and 24% in the last month.<\/p>\n","protected":false},"author":7,"featured_media":107082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[424,108,266],"coin_category":[],"class_list":["post-133550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-crypto","tag-price","tag-solana"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Solana Skyrockets 20% in a Week - What Experts Expect<\/title>\n<meta name=\"description\" content=\"Solana (SOL) saw a significant increase, rising 21.7% in one week and 24% in the last month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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