$SOL
📊🔍 Detailed Analysis of Solana (SOL) Price – Is It Time to Buy?
The Solana (SOL) cryptocurrency has shown remarkable stability this week, trading between $145 – $152, maintaining strong support at the $140 level, which reflects market confidence in these technical levels.
✅ Technical Analysis:
Current Price: 151.7$SOL
The 50-day moving average confirms the upward trend.
A reversal pattern is forming on the daily chart indicating a potential bullish breakout towards $165 – $175.
Strong Support: $140
Next Resistance: $158 then $172
📈 Supporting Factors for Upward Movement:
1. An increase in daily transactions on the Solana network and its superiority in terms of speed and cost.
2. Recent healthy reports confirming network stability for over 16 months without interruption.
3. Potential ETF news recently submitted by several institutions (21Shares and VanEck) could ignite a bullish wave if approved.
⚠️ Caution Points:
Any break below the $140 level may open the door for a drop to $130 or lower.
Liquidity is weak in some sessions, increasing the chance of sudden volatility.
🎯 Summary: Solana is currently in a "Decision Zone". Staying above $142 supports the positive scenario, and a breakout above $155 could signal the start of a new bullish wave.
📌 Advice for Investors: Keep a close eye on the $142.7 level, as it is the dividing line between correction or a move towards higher levels. Risk management is essential at this stage, and do not enter the market without a clear plan.