Solana (SOL)
Key points:
SOL, at press time, was trading at $174.
It was up 6.31% over the past week.
What you should know - At press time, Solana was trading at $174.20, showing a slight pullback after reaching a recent high of $178.59. The daily chart displayed a symmetrical triangle breakout, where SOL broke above the upper trendline near $160 in mid-October, signaling a potential bullish continuation. The recent price action suggests that SOL could be aiming for the $180 level, a psychological resistance point. However, the retracement could indicate short-term profit-taking or consolidation before a further move upward. The Simple Moving Average (SMA) was trending upwards, at the time of analysis, reinforcing bullish sentiment. Moreover, the Average True Range (ATR) showed moderate volatility, hinting at stable trading conditions.
