Everyone is Talking About Ethereum: So What Can We Expect from Solana (SOL)? What is the Latest on the Price?
In its latest technical assessment for Solana (SOL), cryptocurrency analysis firm MakroVision stated that the price is turning upwards, re-defending the strong support zone in the $153–$157 range.
According to the analysis, SOL is currently approaching the key resistance level at $188. Breaking above this level could pave the way for the price to accelerate towards $223.
According to the analysis firm, the prominent technical levels are as follows:
- Support: $170 and the $153–$157 band
- Resistance: $188 (above which the trend may accelerate)
- Risk: A break below $153 could lead to an extension of the correction to deeper levels.
MakroVision stated that the medium-term uptrend is valid as long as the $153–$157 range is maintained, identifying the $188 level as the “next big test.”
A strong rally has been prevalent on the altcoin front in recent days, particularly in Ethereum (ETH). The price of ETH has climbed approximately 20% in the past week. Other altcoins, however, have seen more modest gains.
*This is not investment advice.
