CandleFocus Solana Bulls Push Past $164 Barrier, Momentum Signals More Gains
2024-10-21
Author: Content Editor
Solana has seen a strong bullish rally, breaking through the critical $164 level. The article analyzes the price surge and assesses the likelihood of further gains. Currently, Solana is sustaining its position above the $164 mark and the 100-day SMA, showing resilience. The 4-hour RSI indicates strong bullish pressure, but there are concerns about sustainability and a possible price correction. The daily chart shows Solana trading above the 100-day SMA, signaling upside movement and significant buying interest. The RSI on the daily chart is bullish, suggesting upward pressure will likely persist. If the upward momentum continues, Solana could reach resistance at $194 and potentially higher levels. However, vigilance is needed for possible pullbacks and support levels at $164 and $137.
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