Solana’s Bullish Momentum: A Critical Price Level to Watch
Solana (SOL) is gaining traction, breaking above the crucial $171 mark, which has shifted from a resistance level to a significant demand zone. Crypto analyst Carl Runefelt emphasizes that maintaining support above this level could signal a rally, with a target price of $202 in sight.
As SOL trades at $172, attention is now focused on the next resistance at $180. A successful breakthrough could trigger a wave of FOMO buying, pushing the price even higher. However, if Solana dips below $171, it may retrace to lower support levels, dampening the bullish sentiment.
Investors should closely monitor these key levels in the coming days, as Solana’s ability to sustain its bullish trajectory is crucial for its future momentum. Will SOL continue its ascent or face a pullback? Only time will tell!
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