Summary
TLDR: Solana’s price is breaking out of a bullish pattern, with a target set at a three-week high. The altcoin is seen as an attractive investment with positive risk rewards. The broader market cues are turning bullish, and the Relative Strength Index (RSI) is in the bullish zone. Solana’s potential target is $191, with room for further growth. If it fails to sustain $153 support, it could test the $137 line.
Key Points
1. Solana’s price is breaking out of a bullish pattern, setting a target at a three-week high.
2. The altcoin is attracting new users and investors due to its positive risk rewards and rising Sharpe Ratio.
3. The Relative Strength Index (RSI) indicates bullish market cues for Solana, with potential for further growth.