Cryptocurrency

Solana

<ul>
 <li>#Solana's value jumped 6.50%, reaching $148, after VanEck revealed plans to introduce a spot <a href="https://www.coingabbar.com/en/crypto-currency/solana-sol-prices-usd" title="Solana" class="f-link" rel="noopener noreferrer nofollow">Solana</a> ETF.</li>
 <li>&nbsp;Since its yearly high of $210 on March 17, $SOL corrected by over 30%.</li>
 <li>On June 24, $SOL bounced back, forming a bullish candlestick and holding above a critical long-term horizontal support area.</li>
 <li>SOL retested the double bottom support near $120 during this month's sell-off.</li>
 <li>After rebounding from the $120 level, SOL reached a high of $151.20.</li>
 <li>However, bulls failed to sustain above the $150 resistance, causing a retreat back to $145.</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>, breaching $152 could propel SOL to test $180 and potentially set a new all-time high.</li>
 <li>If SOL fails to break above $152, it might initiate a correction with initial support at $140, and further downside could target $128.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $152-$163
SUPPORT LEVEL : $135-$122
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 Prediction: Is ETF Buzz Fueling SOL's $1000 Ascent?

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Alte articole publicate pe 28 iun. 2024

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