This Solana Indicator Signals Potential SOL Price Rally to New ATH

Solana (SOL) may be gearing up for a major price surge following a new bullish signal from the “CoinsKidRibbon” indicator

Cryptocurrency prices have been volatile this year, with some coins experiencing massive gains and others facing significant losses. Among the top gainers is Solana (SOL), which has soared by over 1,000% since CoinsKid’s buy signal in October last year.

Now, as SOL trades above key levels and has broken past a Fibonacci target, the analyst predicts a possible all-time high (ATH) for Solana. CoinsKid’s analysis lately highlights the importance of the “CoinsKidRibbon” indicator, which previously signaled SOL’s sharp rally.

According to CoinsKid’s chart, Solana has moved past the 0.786 Fibonacci retracement level at $182.68, indicating strong momentum. CoinsKid suggests that surpassing the 1 Fibonacci level at $209.88 could position SOL to reach the 1.618 Fibonacci extension at approximately $313.35.

This Fibonacci target aligns with new ATH projections, showing a clear potential pathway if SOL maintains its upward trend.彙整文章後，Solana (SOL) might be gearing up for a major price surge following a new bullish signal from the “CoinsKidRibbon” indicator, shared by crypto analyst CoinsKid. This signal, a combination of moving averages, previously helped SOL achieve substantial gains in late 2023.

Solana (SOL) Price Analysis

SOL’s Price Action

The chart analysis identifies key support and resistance levels essential for SOL’s bullish outlook. The 0.618 Fibonacci level at $163.83 acts as a support zone, providing a possible pullback target in case of short-term retracements.

If Solana breaks above the 1 Fibonacci level, this could confirm a rally toward higher extension levels. This movement above support and resistance zones reinforces CoinsKid’s confidence in SOL’s price potential for an extended bullish phase, echoing past rallies.

Solana’s current price action is supported by key moving averages, providing strong momentum for price continuation. The moving averages in CoinsKid’s chart act as dynamic support, which SOL bounced from recently, confirming a new uptrend.

By staying above these averages, SOL’s bullish potential remains intact, supporting the theory of a sustained rally. CoinsKid’s confidence in the “CoinsKidRibbon” buy signal further bolsters this outlook, as the signal has previously resulted in substantial gains for SOL.

Solana Price Analysis: Key Moving Averages in Focus as SOL Eyes New ATH After Breaking Past Fibonacci Level

Solana (SOL) price analysis today is bullish with SOL breaking past key Fibonacci levels and moving toward new all-time highs (ATH) after crossing over the “CoinsKidRibbon” indicator once again. This buy signal was previously spotted in October last year, leading to over 1,000% gains for SOL until early February this year.

After a period of sideways movement and a bullish breakout, SOL is once again trading above the ribbon indicator, hinting at a possible new rally. If this price action continues, SOL could be set to revisit and surpass previous highs.

Solana Price Analysis: Technical Analysis

SOL’s bullish momentum is evident on the technical chart, with the coin breaking past the 0.786 Fibonacci retracement level at $182.68. According to CoinsKid’s analysis, surpassing the 1 Fibonacci level at $209.88 could lead SOL toward the 1.618 Fibonacci extension, targeting around $313.35.

Solana Price Analysis: SOL Might Be Eyeing New ATH After Crossing Over Key Moving Averages

Solana (SOL) price analysis today is bullish with SOL breaking past key Fibonacci levels and moving toward new all-time highs (ATH) after crossing over the “CoinsKidRibbon” indicator once again. This buy signal was previously spotted in October last year, leading to over 1,000% gains for SOL until early February this year.

After a period of sideways movement and a bullish breakout, SOL is once again trading above the ribbon indicator, hinting at a possible new rally. If this price action continues, SOL could be set to revisit and surpass previous highs.

Solana Price Analysis: Technical Analysis

SOL’s bullish momentum is evident on the technical chart, with the coin breaking past the 0.786 Fibonacci retracement level at $182.68. According to CoinsKid’s analysis, surpassing the 1 Fibonacci level at $209.88 could lead SOL toward the 1.618 Fibonacci extension, targeting around $313.35.