๐ Solana Bulls Take the Stage: Is $200 Within Reach? ๐
Key Price Levels to Watch ๐
- *Resistance*: $176, $180, and $185 are key barriers to break for further gains.
- *Support*: $172 and $170 are crucial support levels to hold for a potential surge.
Market Analysis ๐
- *Ascending Channel*: SOL/USD is forming a short-term ascending channel with support at $172, indicating bullish momentum.
- *Fibonacci Levels*: The 61.8% Fib retracement level at $176 is a key resistance to watch.
What's Next? ๐ค
- *Breakout Potential*: A close above $185 could trigger a steady rise towards $192 and potentially $200.
- *Downside Risks*: Failure to break $176 could lead to a dip towards $172, $170, or even $162.
