Solana (SOL) Tests Key Support at $155–$160, Potential Rebound Toward $180+ If Levels Hold
Main Idea
Solana (SOL) is testing the $155–$160 support zone after a rejection at $206, with potential for a rebound toward $180+ if the support holds.
Key Points
1. SOL was rejected at $206 and is now testing the $155–$160 support zone, which could lead to a rebound toward $180+ if it holds.
2. A breakout above $172 could target higher price ranges, such as $182–$192, depending on trading volume.
3. Market indicators show bullish momentum with the 5MA and 10MA trending upward, and the RSI above 50 but nearing overbought levels.
4. Traders should monitor the $155–$160 support zone closely, as its stability is crucial for potential price recovery.
5. SOL's current price is $170.13, with a 3.77% increase over the past 24 hours, and a market cap of $91.72 billion.
Description
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