Solana has shown a strong bullish reversal from the support zone around $170, forming a parabolic curve pattern, which often indicates strong bullish momentum.
Trend: Bullish, with steep upward movement and consistent higher highs and higher lows.
Support: The breakout level near $176.65 can act as a new support if price pulls back.
Immediate Resistance: Price is currently testing the $177.67 – $179.93 supply zone. A breakout above this could push SOL towards the next resistance at $180.47, and eventually towards the $186 – $188 zone.
Bias: Bullish continuation is likely if the current resistance is broken with volume. However, temporary rejection or consolidation is also possible here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.