CandleFocus Solana (SOL) Bulls Stay in Control: Rally Far From Over?
2024-11-25
Author: Content Editor
Solana's price has seen a fresh increase above the $240 zone and is currently consolidating gains. It may aim for an upside break above the $255 resistance level. The price formed a support base and surpassed Bitcoin and Ethereum by moving above the $232 level. It successfully cleared the $245 and $250 resistance levels, reaching a high of $2648 before consolidating. There was a slight dip below the $260 and $255 levels but the bulls seem to be active near the $242 support. The next major resistance levels are $255, $265, and $275, while initial support is seen at $246 and $242. If the price fails to rise above the $255 resistance, a downside correction may occur with potential support levels at $238 and $230. The technical indicators, such as the MACD and RSI, suggest a bullish trend for Solana.
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