Analysis of #SOL ๐
On the 8-hour time frame, the currency has reached a major support level at a price of $95. The currency has bounced from the major support level and exited the descending channel pattern after accumulating inside it.
The 50 days MA indicator acts as support for the current price movement, providing additional bullish momentum.
๐ข The main targeted resistance area is $240
๐ข Expected targets
๐ฏ $135.94
๐ฏ $161.28
๐ฏ $180.02
๐ฏ $205.40
๐ฏ $240.00
๐ฏ $295.56
