Watch Solana Aim for $240 as Bulls Take ControlSolana resumed its bullish trend after holding above the 38.2% Fibonacci retracement level (critical support). The technical indicators suggest the bull market should resume. If Solana prices exceed the immediate resistance at $225.0, the next bullish target could be $240.0.
Please note that the bullish outlook should be invalidated if prices fall below the 38.2% Fibo.
Article: fxnews.me
Solusdanalysis
Solana Technical AnalysisFxNews —Solana is trading bearishly below the 100-period SMA, with immediate resistance at $168.50.
The SOL/USD trend outlook will remain bearish as long as bears hold positions below $168.50. In this scenario, the next bearish targets would be $158.00, followed by $152.00.
Please note that a close above the immediate resistance would invalidate the bearish scenario.
SOLANA SOLUSD Breaks-Out & Leads Cryptocurrency
It was not so long ago that Solana was priced below it's 200EMA on the daily chart.
This changed at the weekend when SOLUSD bullishly exited a Triangle pattern and during Monday Asian session has broken out and up over 4%.
Bitcoin in up about 2% in the Asian Monday session