Every Solana (SOL) Holder Should Know This Level
Main Idea
Solana (SOL) is testing the $190 price level, a critical point that could determine its future trajectory in 2025, as it was previously a heavily traded zone before a breakdown earlier in the year.
Key Points
1. Solana (SOL) has climbed over 40% from its June lows and is now testing the $190 mark, a significant technical level.
2. Eight million SOL was acquired between $189 and $191, making this zone a key area of interest for traders.
3. If SOL closes above $190 and holds, it could signal a continuation of its recovery; a rejection might lead to short-term profit-taking.
4. The 12-hour chart shows a V-shaped recovery since late June, with SOL reaching support zones around $155 and $171 before approaching the $190 level.
5. The $190 level previously capped rallies in February and March, making it a crucial test for SOL's future price movement.
Description
$190 is price point every Solana (SOL) holder should know, Here's why
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