#ContentStar#

First ranked altcoin: Solana (SOL)

LEFT is on the rise. SOL has rebounded from the long-term positive trend line on its chart over the past 2 weeks. Then, the altcoin price was trying to overcome a major resistance level at press time. On September 12, 2023, the price of SOL bounced back from a positive trend line that had formed on its daily chart since June of this year. Since then, SOL price managed to surpass the $19.35 barrier. Later, it turned this level into support. This gave SOL the basis for a challenge at the $22.20 resistance level.

If SOL can close a daily candle above this barrier in the next few days, it could continue to rise to the next resistance level at $25.55 over the following 2 weeks. This bullish thesis will be invalidated if the altcoin fails to close a daily candle above $22.20 in the next 3 days. In this bearish scenario, it is possible that SOL's price may soon decline to $19.35. If it loses support from this level, it is likely to drop to the next important price point at $17.15. However, there is the aforementioned positive trend line that stands in the way of SOL's decline to $17.15.

#ContentStar##contentcreator##BountyCreator#Crypto#