Potential Price Surge of Solana (SOL): Latest Analysis and Predictions
Solana recently began to rise from the support zone of $142. Currently, the price of Solana is in a consolidation phase and shows potential to further increase above the resistance zone of $155. This rise coincides with increases in other cryptocurrencies such as Bitcoin and Ethereum, which are also showing positive trends.
Consolidation and Potential Price Increase of Solana (SOL)
Solana (SOL) has established a base above the support level of $135 and has started a new rise. This cryptocurrency successfully surpassed the resistance levels of $140 and $142. In fact, the price briefly touched the resistance zone of $155, with a recorded peak price of $153.30 before a pullback occurred. The price temporarily dropped below $150 but stabilized again and began to consolidate above the Fibonacci retracement level of 23.6% from the downward move from $153.30 to $145.54.