menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Solana News

>

Solana For...
source image

Newsbtc

4w

read

898

img
dot

Image Credit: Newsbtc

Solana Forms Higher Low: Charging Toward Range Highs?

  • Solana is holding above $150 amid bullish momentum in the crypto market, following Bitcoin and Ethereum's upward movement.
  • Analyst Jelle noted Solana forming a higher low, a positive sign suggesting increased strength.
  • The $150 level serves as short-term support, with potential for a breakout if major cryptocurrencies continue their upward trend.
  • Solana faces resistance near $175, but a breakout above $185 could lead to new all-time highs.
  • Flipping the $175-$185 zone into support is crucial for a sustained upward move.
  • Currently trading at $165.80, Solana reclaimed the 50-day SMA and eyes the 100-day SMA at $175.70.
  • A breakout above $175 may target the $190-$200 range, while a failure could lead to a pullback towards $155-$160.
  • Increasing volume supports the current price rise, with the crossover of the 50-day and 100-day SMAs reinforcing bullish momentum.

Read Full Article

like

7 Likes

For uninterrupted reading, download the app