SOL / TetherUSShort
Solana Price Outlook
According to the chart provided, the price of Solana (SOL) is currently in a range close to the resistance of $231.97. If this level remains valid as resistance, the price is likely to move downwards and could fall to the support of the channel floor around $202.06.
This analysis is based on two points:
Resistance at $231.97: If the price fails to break through this level, we may see selling pressure and the price move downwards.
Support at $202.06: This level is known as the channel floor and if the price reaches this area, we are likely to see a support reaction that could cause the price to stop or even return to the upside.
Overall, the price of Solana could fall towards the support of $202.06 in the short term, provided that the resistance of $231.97 is maintained and not broken.
This analysis is based on two points:
Resistance at $231.97: If the price fails to break through this level, we may see selling pressure and the price move downwards.
Support at $202.06: This level is known as the channel floor and if the price reaches this area, we are likely to see a support reaction that could cause the price to stop or even return to the upside.
Overall, the price of Solana could fall towards the support of $202.06 in the short term, provided that the resistance of $231.97 is maintained and not broken.
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