Cryptocurrency forecast #SOLANA
( #SOL ) 🕵️♂️
Current situation:
The price of SOL is fluctuating around $159.48, which is confirmed by the current candle. There is an upward trend, supported by stable support above the $140 level.
Key support and resistance levels:
Support: The $143.71 and $137.78 levels indicate areas where the price can find support and bounce up. Resistance: The nearest resistance is at $163.34. Breaking this level could open the way to higher goals.
Possible scenarios for the development of events:
Bullish scenario: A break above $163.34 could lead to a rapid move towards the $188.89 and $220.58 levels. Under favorable conditions, the price could reach $240.
📈 Target 1: $188.89 (+18.45%).📈 Target 2: $220.58 (+38.40%).📈 Target 3: $240 (+50.52%).
Bearish scenario: In case of a breakdown below the current supports at $143.71 and $137.78, a rollback to the levels of $118.47 and $106.20 is possible, which could signal further declines.
📉 Risk level: $118.47 (-25.80%).
Indicator:
SMA and EMA (moving averages) indicate a stable upward trend.Parabolic SAR (dot indicator) below the current price, which also supports the bullish sentiment.
Fibonacci:
Fibonacci retracement levels indicate key points that the price can reach or bounce from. The level of 0.618 ($157.21) is an important support level for the bulls.
Summary:
SOL is in an uptrend with potential for further growth. Under favorable conditions, the price could reach $240, but investors should be prepared for possible corrections to support levels.
🌟 Recommendation: Keep your eyes on key resistance and support levels. Strong bullish signals can take SOL to new highs, but it is always worth considering potential risks and setting stop losses to protect capital.
