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Solana flashes a clear signal to hit $1,315 target

10/08 19:21

Solana (SOL) has broken out of a key technical formation that hints at the decentralized finance (DeFi) asset hitting a record high, with the potential to rally 630%. Technical indicators suggest the asset has moved above the bullish cup and handle formation, which now points to SOL reaching $1,315, according to crypto analyst Ali Martinez in an X post on August 9. A cup and handle is a bullish chart pattern where a rounded bottom (cup) signals accumulation, followed by a short dip or sideways move (handle) before a breakout that often continues the uptrend, with targets based on the cup’s depth. SOL price analysis source: https://finbold.com/solana-flashes-a-clear-signal-to-hit-1315-target/

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