🚀 Solana Technical Outlook: Bullish Momentum Struggles to Break $147.73📈
As #Solana hovers around a pivotal price point, volatility and indecision are at play. With recent closing prices showing a gradual recovery above $147, the market is ripe for analysis.
🔍 Key Insights:
- Resistance Levels: Watch for potential hurdles at $147.46, $147.73, and $148.3.
- Support Levels: Key support zones are at $147.26, $146.56, and $146.09.
- Moving Averages: The short-term momentum favors bulls, but caution is advised as the market lacks a strong rally.
- MACD & RSI: Mixed signals indicate fragile bullish momentum, with the RSI suggesting room for growth before hitting overbought territory.
💡 Trade Setups:
- Long Position: Consider entering near $147.26 with targets at $147.73 or $148.3.
- Short Position: Look for entry around $147.46 if resistance holds, targeting $146.56 or lower.