Solana

Wings

<h2 id="sol-price-consolidating-gains-over-62-potential-rise-above-68-50">SOL price consolidating gains over $62, potential rise above $68.50</h2>
<ul> 
 <li> According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link">Coingabbar Price Analysis</a>, Solana is currently within the confines of a Rising Channel Pattern on the daily chart. </li> 
 <li> Following its peak around $77.76 for the year, <a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" class="f-link">SOL</a> has undergone a 15% decline, settling at $66.00. </li> 
 <li> There are indications of a rounding bottom formation, suggesting the potential for SOL to surpass $80 in the near future. </li> 
 <li> To initiate another upswing, SOL must maintain levels above the critical support at $62.00. </li> 
 <li> The 21-day Moving Average is acting as a support, facilitating rebounds in SOL's price. </li> 
 <li> The Relative Strength Index (RSI) remains bullish, holding above the halfway mark. </li> 
 <li> A breakout beyond the $80 level could pave the way for Solana to target the upper resistance of $100 by coming months. </li> 
 <li> Conversely, if bears take control, a loss of momentum may lead to a test of the $61 support level and the channel support. </li> 
 <li> Continued bearish dominance could result in a deeper plunge, with the lower support level of $51.00 potentially being tested in the upcoming week. </li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $68.00-$72.00 
SUPPORT LEVEL : $68.00-$65.00 
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

On the Wings of Bulls: SOLANA Support Holds, Anticipating a Lift-Off

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