CandleFocus Solana (SOL) Rallies Strongly, Setting Sights on $200
2024-11-07
Author: Content Editor
The Solana (SOL) cryptocurrency has experienced a fresh increase in price, surpassing the $172 support zone. It has formed a support base and broken above the $162 level. There was also a break above a key bearish trend line and the price has cleared the $185 level. Currently, SOL is trading above the 23.6% Fib retracement level and above the 100-hourly simple moving average. The next major resistance levels are $192, $195, and potentially $200. If SOL fails to rise above $192, it could see a downside correction towards initial support levels at $188 and $180.
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