Solana (SOL) Price to End Month Bullish, but Key Support Must Hold for Future Gains

2024-8-1 20:17

In the latest edition of the Rekt Capital Newsletter, the analyst discusses the price of Solana and what is expected of the price in the short term.

Based on the expert analysis, Solana is positioning itself for a bullish month close. The price has broken the black level resistance at around $165 this month.

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It is expected to close above this level this month. Following this, any dip toward $165 will be considered a retest.

However, if the retest becomes a little bit more volatile to the downside, then we could see a break below the $165 level and a dip toward the $140 level.

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The analyst also mentions that the retest does not need to happen and the price could continue going up following the breakout.

However, the expectation of a retest comes from the technical analysis principle that states that when an old resistance is broken, the price reclaims the point as support to ensure price continuation.

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The post Solana (SOL) Price to End Month Bullish, but Key Support Must Hold for Future Gains appeared first on CaptainAltcoin.

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price solana bullish month discusses expected term

price solana → Результатов: 126


Solana On watch: SOL Price Could Crash To $90 If This Happens

As the first week of September concluded, the Solana (SOL) price settled at $124, raising concerns for investors as the fifth largest cryptocurrency risks breaching the critical $100 threshold.   According to market analyst Ali Martinez, recent technical analysis indicates that a sustained close below the channel’s lower boundary at $126 could trigger a significant price correction for Solana, potentially dropping to $110 or even $90.

2024-9-7 09:30