CandleFocus Solana Monthly Chart ‘Looks Ready For A Monster Run’ – Details
2024-12-18
Author: Content Editor
Solana (SOL) has seen a 23% retracement from its all-time high but has managed to hold above the crucial support level of $210. Analysts remain optimistic about Solana's potential for a significant upward move in the coming weeks, with some predicting a "monster run" for the cryptocurrency. The $210 level has flipped from resistance to support and could act as a springboard for Solana's next rally. The market dynamics and lack of bearish signals support the view that Solana is poised for upward momentum. Traders are closely watching for a breakout above the $245 resistance level, which could trigger a surge in buying pressure and propel Solana to new highs.
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