SOL has staged an ambitious rebound over the last 48 hours, jumping by 18% from the $30.50 range base to the $36.00 resistance.
While it has yet to break the $36.00 mark, the recent rebound highlights strong bullish momentum in the market ahead of the highly-anticipated Merge upgrade.
As we head into the weekend, we could see the bullish momentum subside into a sideways pattern and possibly resume in the coming week. As such, a breach of the $36.00 mark might stall a bit.
Meanwhile, my resistance levels are $36.00, $38.00, and $40.00, and my support levels are $34.00, $32.00, and $30.50.
Total Market Capitalization: $1.04 trillion
Solana Market Capitalization: $12.4 billion
Solana Dominance: 1.19%
Market Rank: #9
While it has yet to break the $36.00 mark, the recent rebound highlights strong bullish momentum in the market ahead of the highly-anticipated Merge upgrade.
As we head into the weekend, we could see the bullish momentum subside into a sideways pattern and possibly resume in the coming week. As such, a breach of the $36.00 mark might stall a bit.
Meanwhile, my resistance levels are $36.00, $38.00, and $40.00, and my support levels are $34.00, $32.00, and $30.50.
Total Market Capitalization: $1.04 trillion
Solana Market Capitalization: $12.4 billion
Solana Dominance: 1.19%
Market Rank: #9
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.