CandleFocus

Solana Dips Above The Low of $170

Author: Content Editor
According to Coinidol.com's latest price analysis, the price of Solana (SOL) has dropped below the moving average lines, reaching a low above $171. However, the altcoin remains above the breakout level of $175 and if the current support holds, a bullish rise is expected. The altcoin is currently trading above the $170 support but below the moving average lines. A break above the moving average lines would indicate a return of upward momentum and a potential increase to its prior top price of $260. Solana is currently valued at $184. Key resistance levels are identified as $220, $240, and $260, while key support levels are at $140, $120, and $100. On the 4-hour chart, Solana is falling but selling pressure has eased above the $170 support level. The altcoin is rising towards the moving average lines and the upside momentum will start if it breaks above the moving average lines and the resistance at $240.

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