Solana is trading at $209, holding above the $206 support level and testing its uptrend line. The steady recovery underscores investor commitment to maintaining bullish momentum after brief interruptions caused by increased selling pressure from LTHs.
The mildly bullish outlook could extend Solana’s rally. If momentum holds, SOL could climb past $214 and $221 resistance levels. A push beyond those thresholds would open the path to $232, reinforcing optimism about further gains in the coming weeks.
However, if selling pressure from long-term holders intensifies, Solana risks slipping below $206. A drop to $200 would invalidate the bullish thesis, signaling weakness and potentially sparking renewed bearish sentiment in the altcoin’s market structure.
The mildly bullish outlook could extend Solana’s rally. If momentum holds, SOL could climb past $214 and $221 resistance levels. A push beyond those thresholds would open the path to $232, reinforcing optimism about further gains in the coming weeks.
However, if selling pressure from long-term holders intensifies, Solana risks slipping below $206. A drop to $200 would invalidate the bullish thesis, signaling weakness and potentially sparking renewed bearish sentiment in the altcoin’s market structure.
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Leader in crypto news, award winning journalism in 26 languages.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.