Arminda Doan v0eI
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1.6 Months
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#solana Next Big Solana Move? Renewed SOL Uptrend Breaks $140
Solana (SOL) is back in the headlines as its price breaks $137, a major milestone in its climb. Due to heightened crypto market confidence, Solana is one among the top-performing assets.
Additionally, breaking $137 is difficult. Its breach suggests a market move after it was a crucial resistance point. Will this breakthrough lead to a prolonged uptrend or a correction as traders lock in profits?
Solana Breakthrough: $137 Milestone Analysis
Technically, $137 was a psychological barrier that has repeatedly restricted SOL's price. Positive market mood and substantial buying pressure were needed to break this barrier in recent weeks.
Volume increase of over 100% has supported SOL's rise, indicating significant market participation and investor confidence. This increase in trading activity suggests buyers are consolidating, strengthening bullish momentum and minimizing the risk of a reversal.
Momentum indicators like the Relative Strength Index (RSI) are still optimistic, rising up to 69%, indicating that the rally has fuel. Solana's RSI surpassing 70% indicates significant buying pressure and market dominance by bulls.
SOL needs significant buying interest and commitment to break critical resistance levels to prolong its advances. If demand remains, the rise may continue, but momentum loss may cause a consolidation or short-term regression.
SOL Price Targets: Where Next?
Solana is over $137, therefore traders are looking forward to price goals. If the upswing continues, SOL may extend its climb around $164, the next significant resistance level. After breaking above this zone, prices might advance toward $211, where past price action shows heavy selling activity.
SOL wants $240-$260 after $211, a vital area for a return to all-time highs. Bullish scenarios need persistent purchasing pressure and rising volume.
If Solana fails at $164, a downturn may develop, with $137 as support. A fall below the area might favor bears and cause a further decline below $118–$99.
#solana #sol #Solana $SOL
Solana (SOL) is back in the headlines as its price breaks $137, a major milestone in its climb. Due to heightened crypto market confidence, Solana is one among the top-performing assets.
Additionally, breaking $137 is difficult. Its breach suggests a market move after it was a crucial resistance point. Will this breakthrough lead to a prolonged uptrend or a correction as traders lock in profits?
Solana Breakthrough: $137 Milestone Analysis
Technically, $137 was a psychological barrier that has repeatedly restricted SOL's price. Positive market mood and substantial buying pressure were needed to break this barrier in recent weeks.
Volume increase of over 100% has supported SOL's rise, indicating significant market participation and investor confidence. This increase in trading activity suggests buyers are consolidating, strengthening bullish momentum and minimizing the risk of a reversal.
Momentum indicators like the Relative Strength Index (RSI) are still optimistic, rising up to 69%, indicating that the rally has fuel. Solana's RSI surpassing 70% indicates significant buying pressure and market dominance by bulls.
SOL needs significant buying interest and commitment to break critical resistance levels to prolong its advances. If demand remains, the rise may continue, but momentum loss may cause a consolidation or short-term regression.
SOL Price Targets: Where Next?
Solana is over $137, therefore traders are looking forward to price goals. If the upswing continues, SOL may extend its climb around $164, the next significant resistance level. After breaking above this zone, prices might advance toward $211, where past price action shows heavy selling activity.
SOL wants $240-$260 after $211, a vital area for a return to all-time highs. Bullish scenarios need persistent purchasing pressure and rising volume.
If Solana fails at $164, a downturn may develop, with $137 as support. A fall below the area might favor bears and cause a further decline below $118–$99.
#solana #sol #Solana $SOL
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