Solana Price Projection: Can the Token Reach Its Previous Record High of $260?

Quick Summary:

This weekend, investors suffered a major setback with liquidations blowing leveraged crypto fortunes into thin air, bearing the biggest brunt of the war in West Asia.

After a rollercoaster-packed weekend, SOL price attempted a recovery from support at $120 but failed to make headway above the $150 level on Monday.

Resistance at $150 reinforced by the 0.618 Fibonacci ratio threatens another sell-off back to $120, especially with the Relative Strength Index (RSI) reversing the trend downward at 41.

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Article Details

Author / Journalist: John Isige

Category: Crypto

Markets: India

Topics: Solana (SOL) SOL price Price Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-16 @ 00:51:19 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 528 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

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Copyright Owner: © CoinGape

News ID: 20693734

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