CandleFocus Solana (SOL) Flashes Breakdown Signs: Will Support Hold?
2024-10-08
Author: Content Editor
Solana's price has declined below the $146 support level, but it is currently consolidating and could potentially see a fresh increase if it remains above $140. The price reached a high of $152 before starting a downside correction. It broke below key support levels and a bullish trend line, but is now trading near $145 and the 100-hourly simple moving average. Resistance levels are at $146.50, $150, and $152, and a successful close above these levels could lead to further gains. On the other hand, if the price fails to rise above $146.50, it could start another decline with initial support at $142 and the major support levels at $140 and $132.
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