🎁🎁What is the Latest Situation on Solana (SOL)? Analysis Company Reveals Critical Price That Must Be Overcome! 🎁🎁
Cryptocurrency analysis firm MakroVision stated in its latest technical analysis for Solana (SOL) that the asset is approaching an important resistance point.
The firm emphasized that Solana has managed to end its long-standing downward trend, but certain critical levels need to be surpassed for the price to exhibit a sustainable upward movement.
In MakroVision's analysis, the following statements were made:
"Solana entered a period of consolidation after a strong breakout above the red downtrend line. Currently, the price is trading just below the significant resistance area located around the 159 dollar level. This level will play a decisive role in future price movements."
According to MakroVision, Solana has dynamically progressed by breaking the long-standing downward trend. Recent price movements indicate a potential trend reversal with higher lows and higher highs.
The 159 dollar level is mentioned as the most critical area that needs to be surpassed for upward movement to continue. If this level can be broken, the price is expected to rise to a level between 170 and 188 dollars.
Analysts state that the 146 dollar level stands out as an important support point in the short term and is currently being tested. If the price falls below 146 dollars, the next support area to follow will be the 136 dollar level.
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