koinmilyoner
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Bullish
Solana Will Rebound To $1000, But Resistance Limits It.
The $200 aim looks tougher to accomplish for Solana, who is still experiencing pushback. Bearish market winds and falling investor online involvement have made this difficult. Solana prices struggle to hover above $150.
However, market mood is becoming favorable, therefore the Solana price may recover quickly. Many crypto specialists believe the cryptocurrency has potential to grow, and one even predicts new all-time highs.
They claim that the digital asset's early April comeback showed strength in a recent examination. Solana rebounded off the 1-Week MA200 at the start of the month and continued to rise throughout the month.
With momentum, the cryptocurrency saw many weekly closures and ended April with another green candle. This puts it on track for the next crucial level at the 1-Week MA50 and the blue trend line at $170, as illustrated in the chart below.
This is the key level to break for Solana to continue its bullish run in May. The crypto researcher notes that if the SOL price can break this level, it might sustain the cryptocurrency. Bullish support around $170 might help Solana price recover back to $200.
We must first see Solana shatter the blue trend line at $170. If this works and the bottom is in, $350 is the next major objective. The crypto expert calls this $350 goal the wedge's upper high.
#solana #SaylorBTCPurchase #BTCRebound #Trump100Days $SOL
The $200 aim looks tougher to accomplish for Solana, who is still experiencing pushback. Bearish market winds and falling investor online involvement have made this difficult. Solana prices struggle to hover above $150.
However, market mood is becoming favorable, therefore the Solana price may recover quickly. Many crypto specialists believe the cryptocurrency has potential to grow, and one even predicts new all-time highs.
They claim that the digital asset's early April comeback showed strength in a recent examination. Solana rebounded off the 1-Week MA200 at the start of the month and continued to rise throughout the month.
With momentum, the cryptocurrency saw many weekly closures and ended April with another green candle. This puts it on track for the next crucial level at the 1-Week MA50 and the blue trend line at $170, as illustrated in the chart below.
This is the key level to break for Solana to continue its bullish run in May. The crypto researcher notes that if the SOL price can break this level, it might sustain the cryptocurrency. Bullish support around $170 might help Solana price recover back to $200.
We must first see Solana shatter the blue trend line at $170. If this works and the bottom is in, $350 is the next major objective. The crypto expert calls this $350 goal the wedge's upper high.
#solana #SaylorBTCPurchase #BTCRebound #Trump100Days $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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