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CryptoIntelligence 2024-09-21 17:28:26

Bullish Sentiment Builds as Solana Prepares to Surge

Crypto traders have zoomed in on the emergence of a strong support line on Solana’s price chart, leading some to believe it is the launch pad for a “sizable” upside move in the near future. “Looks like $SOL held support at $120,” veteran trader Peter Brandt wrote in a Sept. 20 post. Brandt was referring to Solana’s price action on the daily chart, which shows SOL’s consolidation in a rectangle, with the lower limit at $120 acting as support since mid-April. “This could become a rectangle capable of launching a sizable advance.” Fellow trader TraderKoz made similar observations, noting that

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