Solana's price has experienced a positive upward movement, breaking through resistance levels at $188, $200, and $205. It formed a high at $206 and is currently consolidating near the 23.6% Fib retracement level. Solana is trading above the $195 level, supported by a bullish trend line at $196. The next major resistance levels are $212 and $220, with potential for further gains towards $232 and $245. However, if the price fails to break above the $205 resistance, a decline may occur, with initial support at $196 and $190. A break below $185 could lead to a decline towards the $172 support. Technical indicators show the MACD losing momentum in the bullish zone, while the RSI remains above 50.
- Content Editor ( newsbtc.com )
- 2025-01-16
Solana (SOL) Back Above $200: Will It Hold or Fade?