Solana Likely To Target $200 ‘If It Holds Current Support’ – What To Expect

Quick Summary:

This level is crucial for SOL’s price structure, as it’s a strong demand zone that could act as a foundation for the next upward move.  Crypto analyst Daan recently shared his perspective on X, revealing that SOL’s “most bullish case” would be for it to hold this “green zone” around $160, allowing it to gradually grind back up toward the descending trendline that has capped recent gains.

If SOL fails to hold above this $160 level, a deeper correction could follow, potentially driving SOL to test lower support levels.  Related Reading: Analyst Exposes Ethereum Ascending Support At $2,400 – Best Chance To Accumulate ETH?

Solana Holding Strong Despite Uncertainty Solana (SOL) has managed to hold above the key support level around $160, despite the recent market volatility and uncertainty.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Solana Technical Analysis Solana Bullish Solana Surge SOLUSDT Sol Solana Solana news Solana ( SOL) Solana Buy Signal Solana Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-03 @ 16:00:56 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 628 words

Reading Time: 4 minutes read

Sentences: 69 lines

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Copyright Owner: © NewsBTC

News ID: 23381585

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