🚨🚨 SOLANA NEXT BIG LIQUIDATION COMING 🚨
✅ $SOL has performed well in the last 50 days with a percentage increase of about 62%,reaching a price level of $253 per Solana.
Let's take a look at the bigger picture on the price action of Solana and some key levels to watch out for.
1️⃣ $SOL reached a key supply zone at the $250 level, which it could not break above it and we are seeing a price decline,This is very crucial for Solana as we could see some undesirable drop in price for Solana. Though Solana generally has a higher potentials of continuing it's upward movement, we need to see some decline to the demand zone at the $200 price zone.
2️⃣ Liquidity Heat Map
Taking a look at the $SOL liquidity heat map, we can see that there is a lot of of sell side liquidity that needs to be taken out before we can see any major move in the price of Solana.
✅Key Price level to watch out for
1️⃣ Support Levels: $200, $160
2️⃣ Resistance Level : $250, $295
✅ Note we are in a bullish market for Solana and we still have a very important liquidity zone above $250 at needs to be taking out, we might see a rapid pump to the upside to clear the liquidity above $295 and probably making a new all time high at $300.
⛔️ For short term targets, we should be expecting a price drop the $200 to $195 price levels.
‼️THIS IS NOT A FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH .
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