Solana

<ul><li>Solana&#39;s bullish pennant indicates potential for further gains if it holds above $153 support.</li><li>Resistance at $173.56 and $185.71 could determine Solana&#39;s next significant price move.</li><li>With RSI at 55.28 and MACD below the signal line, Solana might consolidate before a major move.</li></ul><a href="https://cryptotale.org/will-solana-raise-or-fall-the-mixed-signals-of-charts/" rel="noopener noreferrer nofollow">Solana </a>($SOL) is currently displaying a bullish pennant pattern, a technical signal that suggests the cryptocurrency might be poised for further gains. This formation follows a strong upward movement and typically signals a continuation of the uptrend. As the price consolidates within the pennant structure, it&#39;s essential to monitor the support and resistance levels closely to gauge potential future movements.As highlighted by <a href="https://x.com/CryptoBusy/status/1815975446296617327" rel="noopener noreferrer nofollow">CryptoBusy</a>, an analyst, the primary support for Solana is found between $153 and $160. Specifically, the $153.90 level aligns with the 0.618 Fibonacci retracement, marking a critical support during any pullbacks.<a href="https://cryptotale.org/solanas-bullish-pennant-heres-why-153-to-160-support-is-critical/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana’s Bullish Pennant: Here’s Why $153 to $160 Support is Critical

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Alte articole publicate pe 25 iul. 2024

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