#SOLANA : Where to Buy ⁉️

👉I am bullish on Solana, despite its dependence on Bitcoin. In the short term, both Bitcoin and Solana appear bearish due to recent bearish breakouts.💔

🔥Key support levels for Solana are:🔥

1) $164, which aligns with the 100 EMA and the 0.5 Fibonacci retracement level.

2) The range between $157 and $160, which corresponds with the 200 EMA and the 0.618 Fibonacci retracement level.

👉Historically, the $160 level has been significant, serving as the top of the range in April and March. Confirmation of support ideally would come from a rise in open interest, indicating increased long positions.📯

👉I am waiting for a bullish reclaim from either the $164 level or the more likely $160 level to target a short-term range of $175-$185. A break back above $170 is also possible, though less likely given recent market reactions and open interest trends.📉

👉Overall, the markets remain bullish, and I believe cryptocurrencies are more likely to rise. While Bitcoin is short-term bearish, I remain fundamentally bullish on Solana as it continues to gain total value locked🛅.$SOL $SOL $BTC #sol #solonapumping #SOLETF #Bitcoin