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 level