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Solana breaks through key resistance level, aiming for higher levels

Solana breaks through key resistance level, aiming for higher levels

Bitget2024/02/12 13:06
SOL+4.52%

According to CryptoPotato, Solana has broken through a key resistance level and is preparing to reach higher levels. Key support level: $104, key resistance level: $126. 1. Breaking through the key resistance level: The resistance at $104 was finally breached, with the price briefly rising to $110. Since then, Solana has entered a correction phase and is currently testing $104 as a support level. If this level can hold, there will be clear upward space for the price. 2. Next target: The current target is last December's high of $126. Sellers exerted strong selling pressure at this price point but they may face fierce resistance from buyers this time around, especially if momentum continues to build up. 3.MACD bullish crossover: A bullish crossover occurred in the two-day MACD indicating that momentum has reversed direction.If buyers continue to apply pressure,this could evolve into a sustained uptrend.Solana's bias is bullish.Short-term forecast :If Solana successfully turns the$104level into a key support,the bulls have a great chance of pushing prices up to$126.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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