📈👀 The Solana ($SOL) cryptocurrency has seen notable price movements over the past month, rising from levels close to $105 to touch higher areas around $156 before recently stabilizing around $148-150. This performance has piqued the interest of many traders and market observers. A technical look at the movement
(Last 30 days): Key support levels: The price showed significant support in various areas throughout the month, notably around $105, then $112-117, and recently it seems that the $145 area may form a short-term support that should be monitored. • Resistance levels: The price faced resistance when trying to surpass the $135 areas, then $153, and the last level around $156 was a turning point. Breaking through the $153-156 area may attract the attention of traders looking for bullish signals. • Current movement: The price is currently trading in a range that may indicate a phase of accumulation or anticipation of a new direction. Monitoring how the price reacts to current support levels (like $145) and resistance (like $153-156) may provide signals about the potential next direction traders are looking for. • What does this mean for traders? Understanding the key support and resistance levels and the current price movement can help traders identify potential points of interest on the chart. For example, some may see breaking the resistance at $153-156 as an opportunity, while others may view breaking the support at $145 as a sign of a change in direction. Monitoring the chart and price developments at these critical points is essential for making informed trading decisions based on your own strategy. Disclaimer: This analysis is for informational purposes only and does not constitute investment or financial advice. Digital asset prices are highly volatile. Conduct your own research and assess the risks before making any trading decisions. Watch the chart.
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