bullish

Solana

Coin

<ul class="news-points wp-block-list" wp-block-list>
 <li>Solana’s price action consolidates with both bullish and bearish signals.</li>
 <li>Short-term trading opportunities exist despite overall bearish sentiment.</li>
 <li>Long-term projections for Solana remain strongly bullish.</li>
</ul>
Solana’s price shows mixed signals, with short-term bearish predictions but a bullish long-term outlook, according to a new analysis.
This <a href="https://youtu.be/N05v6gR2OHE?si=8gKh1p0DAmHFrBd8" target="_blank" rel="noopener noreferrer nofollow">in-depth analysis</a> by Cheeky Crypto looks at the price action of Solana, suggesting that while Solana’s immediate future may be bearish, its long-term prospects remain promising.
Cheeky Crypto’s analysis focuses on <a href="https://coinedition.com/solana-price-could-it-reach-1000-like-ethereum-did/" rel="noopener noreferrer nofollow">Solana’s price</a> on the daily chart. They anticipate a potential drop, targeting a range between $93 and $107. But, there’s a chance for a temporary surge if the cryptocurrency can find support at a critical testing level at the 200 EMA (Exponential Moving Average). A positive close above this level could lead to a significant upward movement.&nbsp;
Switching to the 1-hour time frame, the analysis reveals that Solana faces substantial sell pressure at the 200 EMA. The cryptocurrency has tested this resistance level multiple times, but each attempt failed, signaling strong resistance.&nbsp;
However, a recent overex…
The post <a href="https://coinedition.com/solanas-price-outlook-short-term-pain-long-term-gain/" rel="noopener noreferrer nofollow">Solana’s Price Outlook: Short-Term Pain, Long-Term Gain?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Solana’s Price Outlook: Short-Term Pain, Long-Term Gain?

Coin Edition

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