The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Football price for lion and players soft. All Arcu Lorem, Intrimies, any children or, ulamcorper, hate football.
This article is also available in Spanish.
After recovering the decisive levels, Solana (Sol) was moving sideways within the main price range, with its next direction not yet determined. However, some analysts suggest that the collapse can begin to collect new difficulties in the coming months.
Related reading
Solana moves within the main range
In the midst of her recovery every two weeks by 15 %, Solana, one of the pioneers in this course, tried to restore decisive resistance after recovering the support of $ 140 for the first time since late February.
Earlier this month, the cryptocurrency decreased to its lowest level in 14 months at 95 dollars amid the market redemption, which witnessed Bitcoin (BTC) and ETHEREUM (ETH) horizontal levels.
Since you got an altitude of $ 293 ever (ATH), Sol has regained up to 63 %, and traded 50 % less than January at the time of writing this report. However, Solana climbed over some decisive domains while recovering the last encryption market.
Over the past few weeks, Altcoin has succeeded in recovering the support areas of $ 120 and $ 130, which led to the division of the resistance of 140 dollars seven days ago, as the Sol price has been rejected since its loss nearly two months ago.
The market observer also pointed out that Solana moves sideways, as it united within a range ranging between 145 and 157 dollars during the past week. Trading male This range can decide the next direction of Sol, with the outbreak of the upper borders that define Altcoin to re -test higher levels.
On the contrary, if this price range decreases, the “next support level is less than $ 136”, which may also risk a decrease to support areas from 100 to 120 dollars. However, Ali Martinez recently stated that Solana is creating a “cup of textbooks and the handle of the handle”, which could represent the beginning of a large group of Sol.
Sol price is preparing to penetrate?
Analyst Alex of Amcrypto indicated that the short -term trend of Solana has ended after a modern outbreak. He determined that Seoul broke out from a seven -day wedge formed in its current scope, and the height of the upper direction line on Monday.
According to the analyst, “Sol can reach $ 170 to $ 180 in the short term and is likely new ATH by Q3/Q4”, based on its benefit and request. “I recently exceeded all L1S and L2S combined in the size of DeX, which indicates its tremendous benefit. Besides, many companies also raise money to buy Sol, which will increase the demand,” he explained.
With an attempt to keep a $ 150 brand, Trader Lluciano_btc Vision The current level is a “strong contract”. He highlighted that Solana’s bullish trend “began only” after leaving the formation of a multi -further falling wedge at the beginning of the month.
Related reading
According to the graph, Sol erupted of the style before correction of $ 100, and the main demand area test during the next decline. After recovering a brand of $ 120, Altcoin was in a bullish direction, which was to resist $ 170 as the next goal.
As of writing these lines, Solana is trading at $ 149, an increase of 1.1 % in the daily time frame.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
The post Analysts Forecast Q3 ATH Rally Amid Key Level Retests first appeared on Investorempires.com.
