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Solana Monthly Candle Reclaims Key Levels – Is $240 The Next Target?

  • Solana has held above the $145 level, showing bullish structure and resilience amidst market volatility.
  • Traders are cautiously optimistic about Solana's performance, with focus on the $155-$160 resistance zone for potential breakout or correction.
  • Solana is at a pivotal level, with $160 resistance being a key test for bullish continuation or potential reversal.
  • Analysts suggest that a successful break above $160 could lead Solana towards the $240 target, while failure may result in a deeper retracement.

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