Solana

The post <a href="https://coinpedia.org/price-analysis/sol-potential-breakout-resistance-ready-to-jump-again/" rel="noopener noreferrer nofollow">SOL Potential Breakout Resistance, Ready To Jump Again?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
<a href="https://markets.coinpedia.org/solana/" rel="noopener noreferrer nofollow">Solana (SOL)</a> price today soared above the $157 resistance trendline but ran out of steam with increased selling pressure and now seeking support above it. We may also see a potential retest sitting on the edge which is also a pullback support.&nbsp;
With a sharp increase of 31.78%&nbsp; in 24-hour trading volume, the meme coin favorite coin SOL is now trading at $160.28, at press time. With 5.46% growth in the daytime and, 24% in a month Solana is among the top yearly bullish assets.&nbsp;
This year February <a href="https://markets.coinpedia.org/solana/" rel="noopener noreferrer nofollow">SOL</a> succeeded in an attempt to breach the $200 but couldn’t continue the rally as investors decided to book profit.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/TQwjn7OghkvEuM_hALp5GpCqE6QW11VnRPkTD3qJrEgRlITQ4F38SB4ZXcWHrO-NB57b6owHOPTkVfEDzVQnQJvMFz9G7y-pa5bla-CX8oxOTrhLZaIoOy8itn052la4VFzFYldnDObNOw65GOdWEPY" alt="">
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The SOL/USDT 4-hour chart will draw investors’ attention, now trading above the 20-day EMA with a bullish momentum. After a corrective phase, the chart now has a validated Cup and handle pattern.&nbsp; With RSI at 62 heading back to the neutral zone, demonstrating a sideways trend.&nbsp;
While all the technical indicators show a bullish momentum, if there is a pullback, we can rely on the demand zone to provide support. But be cautious in the demand zone, any breakouts from this level may lead to a sharp decline.&nbsp;

SOL Potential Breakout Resistance, Ready To Jump Again?

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