At press time, Solana trades at $222, hovering just above the $221 support level. The altcoin has been in a consistent upward trend for the past three and a half months, making this level crucial for maintaining market structure.
Given current conditions, a dip to $213 seems likely if selling pressure increases. Stronger outflows could accelerate losses, pushing SOL to test the $200 level and breaking its multi-month uptrend.
Conversely, if Solana rebounds from $221 and market sentiment improves, it could climb toward $232 and beyond. Such a move would invalidate the bearish outlook and potentially reignite the rally.
Given current conditions, a dip to $213 seems likely if selling pressure increases. Stronger outflows could accelerate losses, pushing SOL to test the $200 level and breaking its multi-month uptrend.
Conversely, if Solana rebounds from $221 and market sentiment improves, it could climb toward $232 and beyond. Such a move would invalidate the bearish outlook and potentially reignite the rally.
Truly Unbiased Cryptocurrency News beincrypto.com
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Truly Unbiased Cryptocurrency News beincrypto.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.