$SOL

🚨SOL Coin Traders Watching Key Levels: $174 Support vs $188 Resistance🚨

The SOL coin is currently at a critical level. Buyers stepped in about $174, pushing the SOL price back around $181. As per Solana price predictions by market analysts, they anticipate two patterns colliding: a falling wedge and a double bottom. Both indicate a possible breakthrough if momentum continues. SOL coin traders are waiting for a decisive move to $188 and beyond.

Crypto Sat observed that SOL coin’s 4-hour chart indicates a descending wedge shape. The price dropped from $206 to a support range of $174 to $176. Each downturn has been greeted with buying pressure, keeping the wedge in place. Traders are now looking toward $184 as the first test. A strong closing over $188 may indicate a breakout.

If this happens, the price might quickly rise to $195 or perhaps $200 as per the Solana price predictions. However, if resistance at $184 puts off the SOL coin price, a retest of $174 remains possible. However, if volume grows on a breakthrough, shorts may be forced to cover, fueling a run to $190 or higher.

As of the press time, SOL coin is currently trading at $180.43, up 2% in 24 hours. Volume increased by 7.5% during the same period, indicating new market activity. As per the Solana price prediction, if the wedge breaks upward, traders may aim for $195 to $200 rapidly. If it fails to breach $188, it might fall as low as $174 before bulls rebound.

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