Solana Eyes $350 as It Battles to Hold Above $200 Support

Quick Summary:

Solana is grappling with the $200 psychological level as the broader crypto market rebounds to a $3.24 trillion valuation.Despite a 1.12% drop in the last 24 hours, SOL’s price structure suggests a potential bullish reversal, with its sights set on reclaiming a $100 billion market cap.

This pattern indicates the possibility of a trend reversal if SOL can break through the neckline resistance at $216.

Further supporting the bullish case, the Relative Strength Index (RSI) shows a bullish divergence, hinting at increasing buying momentum.

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Article Details

Author / Journalist: Vignesh k

Category: Crypto

Markets: United Arab Emirates

Topics: Investing News Editors News Solana SOL

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-06 @ 18:50:55 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © TheNewsCrypto

News ID: 25946746

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About TheNewsCrypto

Main Topics: Crypto

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Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

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