Solana Price Surges to $51, Breaks 500-Day High as Bulls Eye $67 Target
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Solana (SOL) price reached new high of $51, breaking $50 resistance level for first time in 530 days
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Price rally has been sharp with no major retracements, indicating strong bullish momentum
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Indicators like RSI show bulls still in control, though overbought conditions suggest potential for minor pullback
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Wave count analysis suggests SOL is in wave 3 of a 5-wave bull run, with target of $67 (33% above current price)
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Failure to close above $50 resistance could trigger 20% drop, but overall outlook remains bullish unless fall below $32 support