💡 Quick Technical Analysis:
✅ Bounce from Support! After dipping to the ~$148 level, SOL found strong buying interest and has pushed back above $151, showing signs of resilience.
✅ Key Pattern in Play! The chart shows a series of lower highs (from ~160,to 156, to ~$154) creating a downward pressure trendline. The current bounce is challenging this structure.
✅ ZigZag Shows the Swings! The ZigZag indicator highlights the critical battlegrounds. A break above the last swing high near $154 could signal a shift in momentum. $SOL
🚀 The Expected Scenario:
If Solana can decisively push past the $154 resistance zone, we could see a rally towards the next major level at $160. On the downside, the $148 area is acting as immediate support. A break below this could see prices re-test the lower $145 range.$SOL
🔥 Is a SOL Breakout Imminent?!:
Solana is known for its high volatility and strong community. This current price action suggests a battle between bulls and bears. A decisive move out of this range could trigger the next significant trend. Are you ready for the ride? 🌊
📢 Share your thoughts! Do you think $SOL will break resistance or re-test support? Drop your price targets below! 🚀👇
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