#SOL Update Today:
Currently, Solana’s price trajectory is on a possible upturn. After reaching a high of $210 on March 18, the Solana price dropped significantly by over 44%, hitting a low of around $116 on April 13. Nevertheless, it has rebounded, trading nearly 30% higher from that low.
This recovery is crucial as Solana tests major resistance levels near $156. This level is significant, marking a key Fibonacci retracement point.
If Solana manages to maintain a position above $156, it could see a rise of 22% to approximately $185, tapping into the 0.786 Fibonacci level. Conversely, if it fails to overcome this barrier, the price might find support at $145.56.
“Solana at $148 is insanely under valued,” Rollbit’s Dan Borovik said.
Not a financial advisor.
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