The prices of various cryptocurrencies have been bullish and breaking above key levels. This is the same for Solana and Pendle which have strong closes on the weekly chart.
According to Rekt Capital, Solana has experienced a strong weekly close, marking an important moment for the cryptocurrency.
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The price of SOL has successfully retested the previous resistance level of $202, now acting as support.
This technical setup suggests that SOL is well-positioned to potentially repeat its past performance, aiming for a target of around $260 in the future.
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Pendle Aims for $6.82 Price Target
In a similar vein, Pendle has also shown a bullish trend with its weekly close above the $5.35 mark. This indicates a strong performance, as Pendle has begun to retest this former resistance, which is now functioning as new support.
Historical patterns suggest that Pendle is set up for another upward movement, with a possible target reaching as high as $6.82 in the coming weeks.
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