The charts for Solana ($SOL) are looking increasingly bullish! đ Currently trading at $156.80 after a solid 4.10% gain, SOL is holding strong above the $146 support level. đȘ This resilience is encouraging, especially as a rounding bottom pattern appears to be formingâa classic bullish reversal signal! This suggests that selling pressure is fading, hinting at the potential dawn of a new uptrend. đ
The 24-hour high for SOL is $158.05, which could act as a short-term resistance. đ§âđ» If SOL breaks through this level, we might see a rapid ascent to test new heights! The trading volume has been robust, with over 4 million SOL exchanged in the last day, further strengthening the bullish narrative. đ
Should SOL maintain its recent low of $146.57, we could witness a continuation of this rounding bottom breakout. đ With the overall crypto market showing positive signs, SOL could gain momentum alongside its big brother, BTC .đ
Technically, the indicators are favoring potential gains ahead. However, given the ongoing volatility, traders should consider taking profits early during upward movements and be ready to re-enter on any dips. đ Keep your eyes on that $158.05 resistanceâif breached, it could trigger a wave of FOMO buying! đ„ Overall, the setup for SOL looks promising!
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