Solana offers strong biological signs supported by moving averages, size, and momentum indicators, which indicate a short -term stop or unification in pool.
What the bulls need to watch to keep the gathering
In x mailGEMXBT stated that Solana’s chart for an hour has offered the bullish market structure, with average prices exceeding 5, 10 and 20 days. Indicators indicate the short -term averages on the bullish momentum, which indicates that buyers control. The last price procedure has been supported by prominent size screws, confirming the strength behind the upward moves and adding credibility to the assembly.
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key resistance It is about 154 dollars, where Seoul previously faced the pressure pressure. This area will determine whether the upscale momentum can pay the price up. On the downside, support sits near $ 150, which is a pillow to absorb any immediate sale and prevent deeper withdrawal.
The RSI is approaching the peak purchase area, which may indicate that the original is due for a period of monotheism or a side movement before continuing to climb it. Meanwhile, the difference in the moving average rapprochement (MACD) recently showed an upper intersection, which enhances the upward trend, indicating that upward momentum may continue if attention is to be purchased.
Crypting investor and merchant Theodore Quinn also open Solana’s chart for an hour shows a clear recovery after the decrease that was seen in early July. The open interest is heading up and now exceeded 3.62 billion dollars.
The increase here usually indicates the growing trader market Participation, which is an introduction to increasing volatility and large price movements. From here, a It can unleash the discounts of more than $ 154 a strong rally that is fueled by the growing market attention and positive momentum.
The bullish trend line remains sound – a positive sign
The encryption analyst known as the day on the X also to update Solana holds over the long term Support The region is about $ 120 on the weekly graph, a level of launching a gathering platform.
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Long -term rising trend line remains Proper, and with every higher decrease, the state of the cup pattern and the huge treatment becomes stronger. However, this style will not confirm until Sol is broken over the $ 250 resistance area, a level that was directed in prices during the previous gathering.
If Sol managed to separate over the $ 250 area, the scaling price goal of the $ 500, which represents a turn In Solana healing and expanding. The analyst also indicated that Sol was not yet present, and that the first step for bulls is to restore the level of resistance at a value of $ 185, which has consistently refused to attempts at the upward trend.
Distinctive image from Istock Images, Chart from TradingView.com
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