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Bullish
Solana Reclaims Key Levels—Next Target: $250?
Solana remains positive over $145 despite market turmoil. Bulls have failed to break over the $155 resistance zone, which might start a rally. The price movement supports buyers, but the inability to break higher signals a retrace if momentum fades.
Traders are wary, with the $155–$160 level as the next major obstacle. A break above that zone might imply a return to prior highs, while rejections could cause a healthy correction into lower demand. SOL's next several sessions are essential because to macroeconomic instability in global markets. Bulls must respond rapidly to defend present levels and retake higher ground to maintain the trend.
From its local low at $95, Solana has risen over 58% since early April. This upward advance has changed short-term mood, but the $160 resistance level is a significant test. A break and hold above this zone might lead to a stronger rally, pushing SOL back to its highs.
Jelle's positive research shows Solana's current monthly candle is strong. Jelle said SOL broke all consolidation lows and closed the month above them, a positive indicator. The $240 level, which matches historical resistance and price activity, may be retested.
After days of battling to breach $157, Solana (SOL) is trading at $147. Bulls have held control in the near term, but momentum is waning as price movement stalls below $160 barrier. Reclaiming this level is key to confirming the rally.
SOL must break $160 and reach $180 to maintain the bullish structure and prevent a further correction. A break above this area would boost confidence and maybe boost cryptocurrency market recovery.
The longer Solana fails to break higher, the bigger the pullback danger. A fall into $130–$120 is conceivable if bulls lose momentum and selling pressure increases. This region was a significant demand zone and could sustain recurring testing.
#solana #BinanceAlphaAlert #TrumptaxCuts #AbuDhabiStablecoin #Trump100Days $SOL
Solana remains positive over $145 despite market turmoil. Bulls have failed to break over the $155 resistance zone, which might start a rally. The price movement supports buyers, but the inability to break higher signals a retrace if momentum fades.
Traders are wary, with the $155–$160 level as the next major obstacle. A break above that zone might imply a return to prior highs, while rejections could cause a healthy correction into lower demand. SOL's next several sessions are essential because to macroeconomic instability in global markets. Bulls must respond rapidly to defend present levels and retake higher ground to maintain the trend.
From its local low at $95, Solana has risen over 58% since early April. This upward advance has changed short-term mood, but the $160 resistance level is a significant test. A break and hold above this zone might lead to a stronger rally, pushing SOL back to its highs.
Jelle's positive research shows Solana's current monthly candle is strong. Jelle said SOL broke all consolidation lows and closed the month above them, a positive indicator. The $240 level, which matches historical resistance and price activity, may be retested.
After days of battling to breach $157, Solana (SOL) is trading at $147. Bulls have held control in the near term, but momentum is waning as price movement stalls below $160 barrier. Reclaiming this level is key to confirming the rally.
SOL must break $160 and reach $180 to maintain the bullish structure and prevent a further correction. A break above this area would boost confidence and maybe boost cryptocurrency market recovery.
The longer Solana fails to break higher, the bigger the pullback danger. A fall into $130–$120 is conceivable if bulls lose momentum and selling pressure increases. This region was a significant demand zone and could sustain recurring testing.
#solana #BinanceAlphaAlert #TrumptaxCuts #AbuDhabiStablecoin #Trump100Days $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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