Solana Price Rallied 8% And Formed A Rounding Bottom, What’s Next?

Solana Price shot up by 8% over the last 24 hours, painting a bullish chart. Over the past week, the altcoin soared almost 17%. This made Solana one of the top gainers in the past week. Solana has been able to break past its $33 mark and has turned bullish on its chart. It also formed a bullish pattern, thereby giving hope to traders. Solana might encounter rigid resistance at the $41 price zone. Many altcoins have managed to flash signs of optimism as Bitcoin started to trot up on its chart. The technical outlook pointed toward the bulls taking over as demand for Solana shot up. Traders have decided to go long given the price trajectory of Solana. Solana has been one of the most high-performing crypto assets in recent times. Despite high demand, if Solana doesn’t move past the $41 price mark, a fall to its closest support level is inevitable over the next trading sessions. The global cryptocurrency market cap today is $1.12 trillion, with a 1.4% positive change in the last 24 hours. Solana Price Analysis: One Day Chart SOL was trading at $37 at the time of writing. Over the past few months, SOL has mostly oscillated between $33 and $49, respectively. In the past 24 hours, Solana propelled 8% and also formed a rounding bottom pattern. This pattern is tied to bullishness and a continuation of an upward price movement. Overhead resistance was at $41, and a break above that would put Solana at $49. A move above $49 could he...