🔍 Technical Analysis for $SOL – Solana
Solana recently broke out of an ascending triangle pattern with strong buying momentum, leading to a 20% increase from the breakout area.
📊 Current Price: $173
📈 Upcoming Resistances:
$179
$185 (an important psychological and technical area)
🛡️ Critical Support:
$167: Maintaining this level reinforces the upward momentum and keeps the positive scenario intact.
📌 Expected Scenario:
The upward trend continues as long as SOL remains above $167. A breakout at $179 could pave the way towards $185 and then higher levels.
The potential drop only occurs if support at $167 is clearly broken, which could lead the price into a limited correction.
🔥 Solana shows strength in the price structure and could be among the cryptocurrencies poised for further increases if the market remains positive.