Solana (SOL) is currently hovering just below the $56.00 mark, embarking on a potential upward move that might signify a retest of the break of the previous support around $57.00.
Market watchers are on high alert for the next move, and two scenarios are in focus:
Rejection Scenario: If SOL faces rejection, a downward trajectory is anticipated, with support levels ranging between $48.00 and $51.00 becoming crucial points to watch.
Breakthrough Scenario: Conversely, a successful breakthrough could propel SOL to higher altitudes, with potential targets in the range of $75.00 to $78.00. This bullish scenario would suggest a renewed upward momentum for the cryptocurrency.
Market watchers are on high alert for the next move, and two scenarios are in focus:
Rejection Scenario: If SOL faces rejection, a downward trajectory is anticipated, with support levels ranging between $48.00 and $51.00 becoming crucial points to watch.
Breakthrough Scenario: Conversely, a successful breakthrough could propel SOL to higher altitudes, with potential targets in the range of $75.00 to $78.00. This bullish scenario would suggest a renewed upward momentum for the cryptocurrency.
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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.
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.