SOL Technical Analysis in a Daily Timeframe
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Now, let’s dive into this chart analysis:
SOL is currently holding support at the 21 EMA, as well as the horizontal support range between $150 and $155. If the daily close remains above this support range, a rebound up to $180 can be expected. SOL needs to break above the resistance trendline to continue a bullish rally.
On the other hand, a breakdown below the current support will likely have a negative impact on the price.
Here are the key levels to observe:
- Primary Support: $150-$155.
- Lower Support: $130.
- Resistance: $180.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
I’ve been sharing insightful charts and analysis for the past seven years.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
SOL is currently holding support at the 21 EMA, as well as the horizontal support range between $150 and $155. If the daily close remains above this support range, a rebound up to $180 can be expected. SOL needs to break above the resistance trendline to continue a bullish rally.
On the other hand, a breakdown below the current support will likely have a negative impact on the price.
Here are the key levels to observe:
- Primary Support: $150-$155.
- Lower Support: $130.
- Resistance: $180.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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