After retesting monthly support, the price of Solana is poised for a 20% surge

Friday saw a strong rise in the price of Solana as it retested a monthly support level at $122.77.

The price range for SOL that side hustlers may purchase is $122.77 to $120.91.
The bullish thesis would be rendered incorrect if the daily candlestick closes below $120.91.

Friday saw a strong recovery for Solana (SOL) as its price approached the monthly support level of $122.77. Currently, SOL is trading at over $133.00, representing a gain of approximately 4% today. Before the expected upswing in the coming days, sidelined investors looking for entry opportunities should consider buying SOL between $122.77 and $120.91.


After bouncing off a monthly support level at $122.77, the price of Solana surged beyond $133.00 on Friday. There is a daily support level of $120.91 and a monthly support level that is quite close together.

To retest its high of $155, reached on July 2, SOL could surge 16% if this support level remains in place.


On a daily basis, the Awesome Oscillator (AO) and the Relative Strength Index (RSI) have momentarily fallen below their respective average values of zero and fifty. Both momentum indicators need to be back above their respective means if bulls are really making a return. The recovery rally would get a boost from such a scenario.

Nonetheless, pessimistic sentiment may continue if SOL ends the day at a low point relative to the daily time period, which may be $120.91. The price of Solana may fall by 13% in response to this news, bringing it back down to its low point of $105 on March 5.

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