Price Action Analysis: The price chart reveals a dynamic interplay of bullish and bearish forces. With a recent surge of 158.94% over the past six months, Solana has demonstrated significant growth potential. However, the short-term movements show a slight retracement of 3.94% in the last month, suggesting a consolidation phase.
Key Levels to Watch:
Support: The $130 mark has established itself as a strong support level, with multiple touches confirming its significance.
Resistance: On the upside, the $200 psychological barrier poses a challenge for bulls, with a breakout above this level potentially signaling a new bullish phase.
Key Levels to Watch:
Support: The $130 mark has established itself as a strong support level, with multiple touches confirming its significance.
Resistance: On the upside, the $200 psychological barrier poses a challenge for bulls, with a breakout above this level potentially signaling a new bullish phase.
Trade closed manually
Trade active
Can add position at 160 levelTrade active
Trade active
looks good for swing
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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.
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.