Solana’s Shift: From Accumulation to Distribution – Is it Time to Buy?

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Solana (SOL) is transitioning from accumulation to distribution, showing growth after the Federal Reserve's recent rate cut. Currently, SOL is maintaining a price level between $121-$126, forming a strong support base.

If bulls can hold the price above $138.13, SOL could continue its upward trend, with the potential to reach an all-time high in the medium to long term.

Resistance levels sit at $138.13 and the SMA200, while support holds at $126.8. If Solana breaks through resistance, it could target prices between $162-$193, signaling a strong bullish momentum.

Advice :

Keep an eye on key resistance levels and the $138.13 trigger. If SOL maintains its growth, investors should consider adding to their positions. However, ensure proper risk management to avoid losses in case of sudden price reversals.

Conclusion :

With significant momentum built up, Solana’s price trajectory looks promising if buyers can maintain control. As the coin moves into the realization phase, investors should be ready to act on potential price surges while staying vigilant about market conditions.