CandleFocus SOL Bulls in Focus: A Make-or-Break Week Ahead?
2024-11-27
Author: Content Editor
The SOL token has experienced a strong bullish sentiment since November, with its price reaching an all-time high of $264.53. However, it has since fallen back to the $230 support level, which is seen as a critical zone backed by historical data. The Relative Strength Index suggests a waning bullish outlook, but the Directional Movement Index indicates that the bullish trend is still strong. The token must break above the $241 and $256 highs to continue its upward trajectory, with a potential target of $300 by early December. Conversely, a move below the $230 support level could signal a trend reversal and push the token towards previous lows.
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