LIVESolana $SOL is now in a process that many traders understand: normal restructuring.
After testing a significant resistance level, SOL is now returning to the previous resistance zone. This area can become a strong support level, setting the stage for the next boost.
What is interesting about Solana's current situation is the possibility that past resistance will turn into support. This phenomenon occurs frequently in the market and can indicate a strong trend. When SOL returns, it's important to watch them interact in this area. Holding on to a successful recovery could provide a new level of support for this region.
If SOL finds support here and starts to move higher, the next stability target will be around $187. This level can be challenging but it is also a profitable area for those who jump from the level. new support.
So it's an exciting time at SOL. Whether you are looking to enter the market or looking to expand your position, understanding these technical principles can provide you with important insights.
However, always remember that the cryptocurrency market is volatile and it is important to manage your risks carefully.
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