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Crypto

Solana Eyes 8.9% Price Surge if Resistance is Broken

Guavy AI Editorial Team
Instruments
SOL
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Solana's price has been testing resistance at $76, and according to market analyst Muthoni Mary, if it closes above this level, it could see an 8.9% advance towards $83.

This prediction is based on a cup-and-handle pattern identified on the daily chart by CoinGape.

The Solana price has been volatile in recent days, with Cathie Wood's ARK Invest adding 7,115 shares of the 3iQ Solana Staking ETF on Aug. 17.

This increase in exposure comes as broader ETF inflows have stalled, and demand for Solana exchange-traded funds has weakened.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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