Technical analysis by HamadaMark about Symbol SOL: Buy recommendation (11/8/2024)

SOLANA (SOL) is currently forming a potential bullish Cup and Handle pattern on its weekly chart. This pattern is often seen as a bullish continuation pattern, indicating a potential uptrend.Cup: The "cup" part of the pattern is a rounded bottom formation, suggesting a period of consolidation or accumulation.Handle: The "handle" is a short-term pullback that forms a smaller, more shallow correction.Potential Targets:A successful breakout above the handle's resistance level could lead to a significant price increase.Potential targets for SOL could be in the range of $340 to $420.Key Support Level: A weekly close below $125 would invalidate this bullish scenario.last short-term view before $200 and we traded from $31 since Oct 2023 remain 50% HOLD!Note:This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.Best wishes to all,we ask Allah reconcile and repay. 🙏SOL About +24% UP since sharing it we ask Allah reconcile and repay. 🙏#SOLUSDTwe ask Allah reconcile and repay. 🙏