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Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout

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Solana Price Enters Consolidation Trend Above $130 That Could End In A Breakout - NewsBTC

Quick Summary:

The analyst highlights a liquidity imbalance created by the recent false breakdown, which could favor upward price movement as Solana bulls seek to reclaim the upper zones above $136.  A sustained move above $136 could serve as the initial trigger for a breakout, potentially shifting short-term market sentiment in Solana’s favor.

Breakout Above $136 Could Unlock Higher Price Targets For Solana Speaking of the bearish global market situation, RLinda’s analysis categorizes the local Solana setup as neutral, indicating that the price is in a range rather than exhibiting a definitive trend.

According to a new technical analysis shared by RLinda on the TradingView platform, the $136 level is currently a decisive resistance point, and Solana’s current trading behavior suggests that a move above this level could ignite a fresh bullish push even as the global market situation is bearish.


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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-18 @ 19:00:13 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 485 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27982064

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 4 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

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Publisher ID: #102

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