Cryptocurrency

Solana

<ul>
 <li>#<a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" title="Solana" class="f-link" rel="noopener noreferrer nofollow">Solana</a> has tumbled to $128, marking its lowest level since May 1st, reflecting a drop of over 39% from its highest point this year.</li>
 <li>$SOL price has been under bearish influence for about a month, forming a descending channel pattern on the daily time frame.</li>
 <li>$SOL continues to trade within the descending channel, indicating a high potential for testing its support trendline.</li>
 <li>SOL price had previously been trending inside a symmetrical triangle pattern.</li>
 <li>SOL's price is currently trending below the 50-day SMA but above the 200-day SMA, suggesting a struggle between the bulls and the bears.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-prediction" title="Coingabbar analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar analysis</a>, If Solana holds above $127, bulls may regain momentum and test the $155 resistance level.</li>
 <li>Solana found support at the 200-day EMA; a break below it targets $120, May's lowest swing, indicating further downside.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $146-$155
SUPPORT LEVEL : $128-$118
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Solana Price Prediction: Is SOL Set for a Bullish Comeback?

Coingabbar

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