🔍 Quick Analysis of Solana Currency $SOL
Solana (SOL) is one of the most prominent projects in the blockchain world due to its high speed and low cost.
But, what is happening with SOL now? And is it worth investing?
📈 Market Performance:
After a wave of increase at the beginning of the year, we started to notice a clear fluctuation in the price of SOL between the levels of $145 - $165. This indicates a potential accumulation zone before the next movement.
🧠 Simplified Technical Analysis:
Strong resistance level: $165
Key support: $138
Breaking the resistance may push the price towards $180, while breaking the support may bring us back to the level of $120.
🔥 Currently Influencing Factors:
Increase in Solana's use in DeFi and NFT applications
Support for new projects on the network (like Helium and Render)
The increase in daily transactions makes the network among the fastest currently
⚠️ Is it a good time to buy?
If you are considering entering the market, waiting for confirmation of the breakout at $165 would be safer. However, if you are a long-term investor, this price may be a good opportunity for gradual accumulation.
🧠 My Personal Opinion:
Solana is a strong project, but the market always requires caution. Always follow technical and market news before making your decision.
