Soo guyss !! Are you riding on SOLANA too🤩🤩🤩
Yesterday call given by us to you guys on our feed !!
Solana Analysis
Solana is currently experiencing a bounce from a critical support zone previously acting as resistance, between £159 and £163. This transition shows that this level is now functioning as new support. Despite the bullish structure, Solana may experience choppy sideways action over the next few days, as it deals with resistance while attempting to maintain its upward trajectory.
Support: The current support level is between £159 and £163.
Resistance: Resistance can be found in the £170 to £175 range, with further significant resistance at £183 to £187.
Market Sentiment
Similar to Ethereum, Solana is also hinting at neutral price action. While it has broken out of an inverse head and shoulders pattern, the current resistance levels are likely to cause price hesitation.
The latest rise above the resistance indicated that the SOL price may not repeat the previous trend of a 20% pullback after a rejection.
However, the recent price action indicates that the trend may repeat as the SOL price has returned to the rising wedge.
