#solana
Here is the latest analysis for the currency #سولانا
Current Trend
Solana is trading in a corrective range between $161.80 and $193.00, after failing to break the upper resistance. The price has settled at $164.00 as a major support, with a contraction in bearish momentum.
Technical Levels
Support $161.80 - $164.00 (strong consolidation area)
Near Resistance $170.00
Major Resistance $180.00 - $182.50
Upward Target $193.00 then $200.00 in case of a breakout
Interaction Attraction Signals
The presence of clear technical supports supports the likelihood of a rebound
Reports of ETF requests for Solana are increasing institutional interest The current movement presents an attractive opportunity for short-term traders if the rebound from $164.00 is confirmed.
The focus now is on the price maintaining above $164.00 with an increase in volume as an initial indicator of a potential upward movement.
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