CandleFocus Solana Price Forecast: Traders move 6.7B SOL as bulls target all-time highs
2024-11-21
Author: Content Editor
Solana's price has experienced a 7% dip after being rejected at the $250 resistance level. This rejection has led to a decline in trading volume and a loss of bullish momentum. Short-term traders are now taking strategic moves to regain market dominance, with an increase in short positions. The technical indicators suggest that Solana's support level at $230 could be at risk, and if sellers gain more control, the price could potentially drop further towards the next major support at $202. To regain bullish traction, Solana needs to close above the $230 level and see a surge in trading volumes.
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