Solana (SOL) has exhibited notable strength in the cryptocurrency market, recording an 8% gain for the week. However, the cryptocurrency faced a correction after reaching a three-digit valuation. Here are the key details:
Market Performance:
Weekly Gain: SOL managed to secure an 8% gain over the course of the week, indicating ongoing strength in its market performance.
Correction from Three-Digit Valuation: After reaching a valuation in the three-digit range, SOL experienced a correction. The psychological resistance posed by this level attracted profit-taking and selling pressure.
Technical Outlook:
Uptrend and Support Levels: As long as the uptrend remains intact, bulls maintain an advantage. SOL has established good support levels at $74 - $78, contributing to its overall bullish bias.
Resistance Levels: Strong resistance is observed at $118 - $123, highlighting the price levels where sellers may be active.
The ability of SOL to maintain its uptrend and hold above key support levels, particularly $100, will be crucial for sustaining a bullish bias.
Market Performance:
Weekly Gain: SOL managed to secure an 8% gain over the course of the week, indicating ongoing strength in its market performance.
Correction from Three-Digit Valuation: After reaching a valuation in the three-digit range, SOL experienced a correction. The psychological resistance posed by this level attracted profit-taking and selling pressure.
Technical Outlook:
Uptrend and Support Levels: As long as the uptrend remains intact, bulls maintain an advantage. SOL has established good support levels at $74 - $78, contributing to its overall bullish bias.
Resistance Levels: Strong resistance is observed at $118 - $123, highlighting the price levels where sellers may be active.
The ability of SOL to maintain its uptrend and hold above key support levels, particularly $100, will be crucial for sustaining a bullish bias.
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.
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.