#Solana $SOL : Pullback or Rally to $260?
Current Price: $237.88 (+15% in the last week). While Solana has seen strong gains, technical indicators suggest a possible
pullback before targeting its next high.
Key Signals
Rising Wedge Pattern:
A bearish formation on the 4-hour chart indicates a potential
reversal. Breaking below support could lead to a dip.
Money Flow Index (MFI):
Currently trending down, suggesting increased selling pressure.
Price Outlook
Support: $205.12 – A break below the wedge could test this
level.
Resistance: $239.56 – Surpassing this could ignite a rally to
$260 and a new all-time high.
Conclusion:
A pullback might precede the next big move. Watch critical levels for confirmation. Will SOL bounce or retreat?
