Solana Price Prediction: False Breakdown Could Send SOL Surging Past $160 as Remittix Prepares for New Highs
Solana's fakeout breakdown sets stage for explosive rebound
The Technical Reversal Nobody Saw Coming
SOL's recent price action just pulled off the ultimate fakeout—what looked like a breakdown now appears to be a classic bull trap reversal. All signs point toward SOL reclaiming the $160 level and beyond as momentum builds.
Remittix Gears Up for Breakout
While Solana prepares its next leg up, Remittix positions itself for fresh all-time highs. The timing couldn't be better—or more suspiciously coordinated, if you're the cynical type who notices how these 'predictions' always seem to benefit someone's portfolio.
Market sentiment shifts from cautious to greedy in typical crypto fashion—because nothing says 'sound investment' like chasing the same patterns that wiped out retail traders last cycle.
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Trump removed the tariff on Brazilian agricultural products, including cocoa, as evidence mounts that American consumers are struggling with high food costs. U.S. retail coffee prices ROSE an annual 40% in September due in large part to tariffs.
Starbucks has been grappling with high coffee bean prices even as it tries to attract consumers to its retail coffee shops through its “Back to Starbucks” revitalization plan. Brazil is the world’s top coffee grower and supplies the U.S. with a third of its coffee beans.
Falling Prices
Arabica coffee bean prices fell 5% to $3.59 per pound on Nov. 21, dropping to a two-month low on news that Trump has rescinded the U.S. tariff on Brazilian agriculture. Prices for Robusta coffee beans, typically used in instant coffee rather than in ground blends, are also down 5% on the day.
In addition to the 40% tariff placed on Brazilian coffee beans by the U.S., prices also rose this year due to poor growing conditions and crop yields in Brazil and Vietnam, two of the world’s top coffee bean growers. The high retail prices have led many consumers to skip their morning coffee at Starbucks and other outlets in favor of brewing their own cup at home.
Is SBUX Stock a Buy?
Starbucks’ stock has a consensus Moderate Buy rating among 21 Wall Street analysts. That rating is based on 12 Buy, seven Hold, and two Sell recommendations issued in the last three months. The average SBUX price target of $95 implies 10.62% upside from current levels.
