Solana Restested A Key Level And Now Faces Resistance – Breakout Next?
Solana (SOL) has been fluctuating extreme navigation, because within a few hours yesterday, a wider market has shifted from decline to bullish. After the historical highest level (ATH) of less than two weeks, SOL tested the vital level of demand, and is now trying to restore the lost ground.
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Whether investors have bottomed out or other callbacks are coming. However, early signs showed that buyers were intervening and defending key technical levels. Top analyst Jelle shared a technical analysis on X and pointed out that Solana has successfully re -tested the 25 -day EMA and RSI middle level. Both of them have played strong support in the bullish trend in history. After re -test, SOL bounces directly into the key resistance. If the bull keeps the momentum, it means a potential reversal.
Sorana confirmed its recoveryIt must exceed resistance and maintain higher actions. If it is successful, SOL can restore its bullish trend and may recover the nearest high. However, failure to break the key level may lead to further mergers, and may even cause another leg. In the next few days, it is essential to determine the next major measures of Solana.
When the market responds to the Fed Conference, Solana soared 8 %
Solana rebounded strongly, soaring from local lows by 8 % on Wednesday because the entire market responded positively to the Fed of the Conference. Now, investors and analysts will focus on the prospects of optimistic, and the cryptocurrencies are expected to perform well throughout the year. With the improvement of emotions, Sol once again positioned himself as a market leader, aiming to restore the level of key prices and push it to a new high.
Top analyst Jelle Share technical analysis on XThis emphasizes that Solana’s recent re -test of EMA and RSI MIDLEV for 25 days, both of which have played a key support area in history. After confirming these levels, SOL bounces directly into the key resistance. If the amount of motivation continues, a potential breakthrough will be issued.
Jelle emphasized that to make Solana “look great again”, it must restore the level of $ 240. However, he also warned that until a clear breakthrough, “resistance is resistance.”
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With a broader market trying to improve, Solana led with a strong technical form and a new uptrend momentum. If the Bulls succeeded over the resistance, Sol can re -test its historical highest point and enter the price discovery again. In the next few days, it will be crucial to determine whether Solana confirms its next major upward trend.
The strong price of Solana Price is $ 240
After Solana (SOL) successfully tested $ 220 support, the current transaction price is $ 240. The price seems to be ready to rebound, but the key resistance level must be recovered to confirm the short -term trend reversal. In order to keep the bulls power, SOL must be interrupted between $ 240 and $ 260. These are two key resistance areas. These resistances have been capped in recent days. If Solana clears these levels with strength, the upcoming high height (ATH) growth has laid the foundation for price discovery.
In terms of decline, the loss of $ 220 shows weaknesses, which may lead to further shortcomings and deeper consolidation. The broader market still fluctuates, and SOL must maintain a higher level of support to maintain its bullish trajectory.
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At present, Solana still has a good position to improve its status, but investors will pay close attention to see if it can recover resistance and confirm breakthroughs. The next few days are essential to determine whether SOL will restore its upward trend or face other demand levels.
Featured images from Dall-E, chart of tradingView
