Solana Approaching Critical Support: Bullish Reversal or Decline
Solana has shown impressive resilience in the crypto market, benefiting from its high scalability and rapid transaction speeds. Now, the price is testing key support levels, which could define the next directional move.
Upside Potential: A bounce from the support around $143.04 could drive SOL higher toward $154.20. A break above this resistance could confirm a strong upward momentum, allowing SOL to push toward the $160 range.
Downside Risk: If SOL fails to hold the current support, a decline toward $138.53 and potentially $135.48 is possible, signaling more downside pressure in the near term.
This is a critical zone for SOL, with both bulls and bears closely monitoring price action for confirmation of the next move.
Happy Trading
Mindbloome Trader
Upside Potential: A bounce from the support around $143.04 could drive SOL higher toward $154.20. A break above this resistance could confirm a strong upward momentum, allowing SOL to push toward the $160 range.
Downside Risk: If SOL fails to hold the current support, a decline toward $138.53 and potentially $135.48 is possible, signaling more downside pressure in the near term.
This is a critical zone for SOL, with both bulls and bears closely monitoring price action for confirmation of the next move.
Happy Trading
Mindbloome Trader
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