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Solana Price Bounces Back Strong: Is $190 the Next Milestone?

  • Solana has surged in the crypto market, fueled by the launch of the Seeker device and Byreal DEX on Solana.
  • Institutional confidence is increasing with Fidelity filing for a Solana ETF and high network engagement.
  • Solana's price is trading at $157.18, showing a rebound and bullish reversal from lower Bollinger Band levels.
  • The 20-day SMA of $155.61 acts as support, while $170 is identified as the next resistance level.
  • RSI stands at 49.91, indicating a move from oversold conditions and potential upward momentum.
  • A break above $170 may lead to a rally towards $185-$190, while failure to hold $155 could result in a pullback to $141-$144.
  • Institutional interest and technical signals suggest a bullish setup for SOL, advising caution around $155 support and $169 resistance.
  • The current price of Solana is $156.78, with a 7.23% intraday gain.
  • Short-term price predictions for Solana range from $169-$175 with potential to reach $185, supported by levels at $144-$141.

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