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

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

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.