{"id":2930,"date":"2024-01-13T21:03:47","date_gmt":"2024-01-13T21:03:47","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/01\/13\/analyst-identifies-bull-flag-that-will-trigger-massive-rally-above-150\/"},"modified":"2024-01-13T21:03:47","modified_gmt":"2024-01-13T21:03:47","slug":"analyst-identifies-bull-flag-that-will-trigger-massive-rally-above-150","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/01\/13\/analyst-identifies-bull-flag-that-will-trigger-massive-rally-above-150\/","title":{"rendered":"Analyst Identifies Bull Flag That Will Trigger Massive Rally Above $150"},"content":{"rendered":"
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\n\t\t\tSolana Is Not Done: Analyst Identifies Bull Flag That Will Trigger Massive Rally Above $150\n\t\t<\/p>\n

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\n\t\t\t\t13 Janeiro 2024 – 05:00PM
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Solana (SOL) could well be on course to continue its remarkable run
\nfrom 2023, going by a recent analysis by crypto analyst Ali
\nMartinez. The analyst laid out a certain condition that could see
\nSOL rise to as high as $150 soon enough.\u00a0 How Solana Could
\nRise To $150 Martinez noted in an X (formerly Twitter) post that
\nSolana was breaking out from a bull flag that had developed on the
\n4-hour chart that he shared. According to him, the crypto token
\ncould rally towards the $150 to $165 price range if there was a
\nsustained close above $106. However, that hasn\u2019t been the case as
\nSOL has declined to price levels far from that since then.\u00a0
\nRelated Reading: Bitcoin Retreats: ETF Dream Fades, Price Tumbles
\nUnder $42,000 #Solana is breaking out from a bull flag that
\ndeveloped on the 4-hour chart. A sustained close above $106 can
\ntrigger a 47% rally that pushes $SOL toward the $150 \u2013 $165 price
\nrange. pic.twitter.com\/VmbA9L4QuL \u2014 Ali (@ali_charts) January 11,
\n2024 At the moment, SOL looks to be moving with the tide in the
\nbroader crypto market, which has been on a decline since the
\napproval of the Spot Bitcoin ETFs. This decline is believed to be a
\nresult of Bitcoin being priced in before the approval order came
\nin. As such, traders may be looking to take profits from the
\nflagship crypto token and altcoins like SOL which they may have
\nbeen invested in.\u00a0 SOL market cap currently at $39.974
\nbillion. Chart: TradingView.com Despite this occurrence, the
\ngeneral outlook on SOL looks bullish as there is the possibility
\nthat the crypto token could once again hit its all-time high of
\n$260 this year. This looks more feasible, considering that the next
\nbull run has been predicted to begin this year, possibly after the
\nBitcoin Halving. In the meantime, SOL\u2019s investors might see the
\ncurrent dip as an opportunity to load up on more of the tokens,
\nespecially considering that it is currently trading below the
\npsychological price level of $100.\u00a0 ETH Could Usher In The
\nAltcoin Season Crypto analyst Jaydee recently hinted that ETH could
\nusher in the Altcoin season. This is known to be when other crypto
\ntokens begin to outperform Bitcoin. Analyzing the Ethereum to
\nBitcoin price chart, the analyst noted that the \u201creal altcoin
\nseason\u201d begins when the Relative Strength Index (RSI) breaks above
\nthe 20 level.\u00a0 #ETH\/BTC \u2013 While \u201cDumb Money\u201d bashes on
\n#Ethereum, \u201cSmart Money\u201d is planning $ETH SEASON right before the
\nREAL ALTSEASON starts! ALTSEASON: 1. SRSI 20 LEVEL BREAKS! 2. RSI
\nbreak out! (confirmed!) If orange box get hit, I\u2019m BUYING HEAVILY
\ninto alts! Retweet\/Like for updates!\u2026 pic.twitter.com\/4gkDVUdHha \u2014
\nJD \ud83c\uddf5\ud83c\udded (@jaydee_757) January 12, 2024 His theory about Ethereum
\nushering in the altcoin season is also backed by recent sentiments
\nin the crypto market. All attention looks to be turning to Ethereum
\nin anticipation of a potential approval of the Ethereum Spot ETFs.
\nMarket intelligence platform Santiment recently noted how traders
\nare particularly bullish about Ethereum.\u00a0 Related Reading:
\nLido (LDO) Action Heats Up: Nearly 90% Of Holders See Profits On
\nCrypto Climb \ud83d\udcca As the weekend has kicked off, sentiment toward top
\ncap assets remain at extremely optimistic levels with spotlights on
\nthem following the #ETF approvals. Traders are particularly
\n#bullish toward #Ethereum after its market value climbed above
\n$2,700 for the first (Cont) \ud83d\udc47 pic.twitter.com\/JxitOuX6Ww \u2014
\nSantiment (@santimentfeed) January 13, 2024 With this in mind, ETH
\ncould begin to post significant gains against Bitcoin in the coming
\nweeks, setting the tone for other altcoins. ETH already showed huge
\nstrength post the Spot Bitcoin ETF approval as it rallied to
\n$2,700, the first time it has attained this level since May
\n2022.\u00a0 Featured image from iStock<\/p>\n

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\n\t\t\t\t\t\tBitcoin (COIN:BTCUSD)
Gr\u00e1fico Hist\u00f3rico do Ativo
De Dez 2023 at\u00e9 Jan 2024<\/p>\n

\"Click<\/p><\/div>\n

\n\t\t\t\t\t\tBitcoin (COIN:BTCUSD)
Gr\u00e1fico Hist\u00f3rico do Ativo
De Jan 2023 at\u00e9 Jan 2024<\/p>\n

\"Click<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n