📈 Solana’s Bullish Potential
Solana (SOL) is showing strong bullish momentum and could break past the $200 resistance, according to analyst RLinda. Despite recent volatility due to macroeconomic factors, SOL is consolidating in a bullish trend.
📊 Technical Analysis & Key Levels
The daily chart shows Solana in a triangle formation, suggesting a bullish continuation. Key resistance is at $162.45; breaking this could signal further gains. Support levels are at $141.20, $136.70, and $126.40, with a possible buying opportunity around the $137 Fibonacci retracement level.
🚀 Long-Term Targets
On the weekly chart, the larger triangle pattern aligns with a bullish outlook. Resistance levels are at $188.32 and $205.20. Support at $128.01 is crucial for potential dips.
💹 Current Price
As of now, Solana is trading at $144.84, down 0.24% in the last 24 hours. A breakout above $162.45 could drive significant gains, making Solana a key asset to watch.