The article discusses the recent recovery in the price of Solana (SOL), the sixth-largest cryptocurrency. Solana has seen a 5.52% recovery in the past 24 hours and is currently trading at $144. The article analyzes the price trend and states that while there is uncertainty indicated by a Doji candle formation, there is strong support at lower levels around $130. However, supply pressure may pose a risk to the bullish recovery, as a crypto whale has recently unstaked and placed sell orders for a significant amount of SOL tokens. The article also mentions Fibonacci levels, suggesting that if the recovery continues, SOL may challenge the $157 level, but a bearish continuation could test the $100 mark.



Other News from Today