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#write to earn Solana may reach a price range between 139 to 145, maintaining the mini support at 124 while forming a fifth Elliott wave. The current price is $130, and after hitting 139 to 145, it is anticipated to undergo a pullback to the range of 117, with a minimum support around 105, eventually continuing its trajectory towards 190. Price at the time of this comment $SOL $130

#write to earn

Solana may reach a price range between 139 to 145, maintaining the mini support at 124 while forming a fifth Elliott wave. The current price is $130, and after hitting 139 to 145, it is anticipated to undergo a pullback to the range of 117, with a minimum support around 105, eventually continuing its trajectory towards 190.

Price at the time of this comment $SOL $130

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#Solana Price Prediction: SOL Bulls Lose Strength Following the Latest Rejection Over the past 48 hours, the #Solana price has been oscillating within a relatively tight range, with closing prices hovering around the mid-130s. However, a slight bearish tilt was observed in the most recent session, with the price dipping to 126.76 USDT, suggesting a potential weakening of bullish momentum. When considering the exponential moving averages (EMAs), the 9 EMA stands at $129.39, while the 20 EMA hovers around $126.14. The proximity of the 9 EMA to the current price signals a bullish sentiment in the short term, albeit with a minor weakening, as the 20 EMA trails below, indicating a longer-term bullish trend consolidation. Moreover, the Moving Average Convergence Divergence (MACD) indicator further underscores this sentiment. Despite a slight decline in MACD values. On the other hand, the Relative Strength Index (RSI) reflects a slightly overbought condition, with values ranging from $53.70 to $62.14 over recent sessions. Although not significantly high, the RSI suggests a cautious approach, as the asset may encounter resistance due to overbought conditions. In terms of support and resistance levels, the Solana price faces a critical resistance barrier at $135.37. A breakthrough above this level could pave the way for further upside potential, possibly towards the next resistance at $141.75. Conversely, if bearish pressure intensifies, support levels at $111.75 and $108.65 should be closely monitored. For traders considering long positions, an entry point could be strategized upon a confirmed breakout above the resistance at $135.37, with potential exit targets at subsequent resistance levels. Conversely, short positions may be considered if the price breaches below key support levels, with exit points aligned with lower support levels. #write to earn
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