Solana (SOL) has experienced a bullish run, increasing by 4.14% in the last 24 hours. The price climbed from $136.66 to over $144 before settling slightly at $142.39. Market sentiment remains positive, but investors are closely watching resistance and support levels to determine if the uptrend will continue or reverse. Technical indicators are giving mixed signals. Support levels are at $136.66 and the $138-$140 range, while resistance levels are around $146 and $144-$145. Momentum indicators show weak momentum, but the MACD line crossing above the signal line suggests a potential bullish reversal. Derivatives market data shows lower trading volume but increased open interest, indicating mixed trends. Options trading volume has risen, signaling growing interest in SOL's price action. Traders are advised to exercise caution and use the information presented for informational and educational purposes only.
Content Editor ( coinedition.com )
- 2025-03-05
Solana (SOL) Price Prediction for March 6: Bullish Momentum Tested at Key Resistance and Support Levels
