CandleFocus Solana Rises As Buyers Rally Above $140
2024-10-19
Author: Content Editor
The price of Solana (SOL) has been unable to break above the resistance level of $160 despite several attempts. The cryptocurrency is currently trading within a range of $130 to $160. If the price breaks above $160, it is expected to reach previous highs of $185 and $194. On the daily chart, the price is above the moving average lines, indicating a continued upward trend. On the 4-hour chart, the price is moving sideways between the moving average lines. The key supply zones for Solana are $200, $220, and $240, while the key demand zones are $120, $100, and $80. The author of the analysis recommends readers to do their own research before investing in Solana.
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