Solana (SOL) Failure To Break $154 Could Lead To $85 Correction – Analyst

Quick Summary:

The analyst warns the altcoin must not suffer a rejection at this price level to avoid a major price crash.  In the crypto market, price rejections at certain price marks occur for various reasons including historical evidence of resistance at said price level. According to Solana’s daily chart, the $154 price zone presents a strong resistance level stretching as far back as May.

This bullish stance is further strengthened by a robust meme market valued at $6.56 billion and continuous network development.  Solana To Soon Host cbBTC – Coinbase In other news, American crypto exchange Coinbase has unveiled a plan to integrate its newly launched wrapped Bitcoin asset- cbBTC – with the Solana network.

Solana’s Price Breakout Crucial To Avoid Slip To $85 In an X post on Sunday, Ali Martinez noted that Solana is currently headed for major price resistance at the $154 price zone.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United KingdomAustraliaSingaporeUnited States

Topics: Coinbase Solana Solana price correction CbBTC Ali Martinez SOLUSD SOLUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-22 @ 08:00:20 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22636516

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