🚀 "Solana holds at $140 – Will it explode towards $164?"
📌 Current price of SOL:
Around $139.74, with a slight decrease of ~–5% during the session from $136.73 to $148.90.
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🧠 Technical Analysis:
1. Major support level
The price dropped to $141.60 and then rebounded strongly (~+16%), indicating strong demand and a solid support level.
2. Nearby resistance
SOL faces resistance levels at $155–$160, especially at the 20 and 50-day moving averages, and if it breaks through this range, it may target $163.8 – the next tangible resistance.
3. Short-term indicators
On the daily timeframe, the price holding above EMA10/EMA20 (~$146–$153) indicates moderate bullish pressure.
On the 15-minute frame, the price rose after surpassing $143.73, with initial targets at $149.20 and **$151.97**, and breaking resistance levels could push prices to $154.67.
4. Possible scenarios:
Bullish scenario:
A clear breakout above $155 will lead to an upward wave towards $163.8 as the first target, then may extend to $170+ with continued momentum.
Bearish scenario:
Breaking the support level at $141.60–$140 may lead to an initial drop towards $123–$116 if it fails to recover, with a potential correction to $96 in a strong negative scenario.
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🎯 Trader Recommendations:
Trading Style Entry Stop Loss First Target Second Target
Long Near $141–$143 Under $140 $155 $164
Short/Day Trader Break above $155+ (daily close above) Under $153 $163.8 $170+
#solana na #SOL #CryptoAnalysis #SOLto16 #BinanceFeed #cryptotrading
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