menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Solana Tes...
source image

Coindoo

4w

read

165

img
dot

Image Credit: Coindoo

Solana Tests Key Support at $142—Will Bulls Defend the Uptrend?

  • Solana (SOL) is facing a critical test as it approaches key support at $142, with market analysts highlighting pivotal days ahead.
  • The current retracement lacks strong bullish reactions at crucial levels, with SOL testing the $142 support area without clear reversal signals.
  • Important support levels include $142, considered a 0.5 Fibonacci retracement, and $135-$131 Golden Pocket zone combining Fib levels and horizontal support, with $126 as the last defense for the medium-term bullish trend.
  • A bounce from $142 or the Golden Pocket could drive SOL back to $159 or $170, while a drop below $126 may indicate a deeper trend reversal.
  • Solana's future trajectory hinges on how it reacts in the $142-$126 range, with potential support erosion leading to a trend breakdown if bulls fail to act swiftly.
  • The technical juncture calls for proactive bull defense to maintain the current uptrend or face a possible shift in market dynamics.

Read Full Article

like

9 Likes

For uninterrupted reading, download the app