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Solana is trading at critical levels after a volatile week that saw a significant increase in the encryption market. While the gathering raised optimism, analysts remain sharply divided. Some believe that this is just a healthy correction inside a wider bull cycle, while others warn that the encryption market has already entered a new bear.
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For Solana, the next few weeks are expected to be crucial. The market from Inmortal analysts will be possible to reveal X, with a highlight that during the next 30 days, the market will reveal whether the recent recovery attempts by Solana are slightly in the bear market or the beginning of the bull market decline and the new expansion.
Since Solana goes beyond the main technical levels, the price procedure will be very important to determine morale. The bets are high, especially with total economic uncertainty, driven by global trade tensions and monetary policy transformations, continuing in the cloud of the wider financial scene.
Investors should remain cautious, but they are alert. The next step for Solana can determine the tone not only for its own path, but for the altcoin sector as a whole to the summer months. The clock is knocked at this decisive stage.
Solana is approaching the critical level amid acute recovery
Solana flourished sharply from her local decrease on April 7, about $ 95, and gained 54 % impressive within a few weeks. Bulls have regained momentum as Solana is trading near critical resistance levels, where analysts call for a possible payment above $ 160 in the short term. However, despite this strong recovery, the risk of negative reflection is still high.
Since January, Solana has been one of the most difficult major cryptocurrencies. It lost more than 65 % of its value during the latest declining direction, with a highlight of intensive sale pressure and increased speculation in the broader market. Although this last gathering is encouraging, many of them are wondering whether it represents the beginning of a new ups and merely temporary recovery in a larger declining direction.
Inmortal visions Emphasizing that it will be a decisive month for Solana. According to him, “You cannot imagine how important May is.” Over the next thirty days, it is expected that the market will reveal whether Solana’s recent power is a slight bounce in the market or the start of the real bull market that can lead to more gains.
The coming weeks will be very important, and the Solana Price movement is likely to specify the entire Altcoin market tone this summer.
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Price procedure details: Keys levels to watch
Solana (Sol) is trading at $ 146 after losing about 6 % of its value since Friday. Despite the strong gathering earlier this month, bulls are now facing increased pressure to defend the current levels. Sol must restore $ 180, which is closely consistent with the 200 -day moving average (MA), to resume the upward trend and restore market confidence.
The brand of $ 180 is very important because the decisive step above it indicates the strength and opening of the door to push towards higher resistance areas. Without this penetration, the current assembly risk fading at the highest level, which weakens the structure of Solana.
On the negative side, the loss of a level worth $ 140 will be a major red mark for bulls. The constant collapse without this support can lead to a deeper correction, as the price is likely to decrease below the mark of $ 100 Psychological. This step is likely to accelerate hippos and call for more pressure on the sale, especially since the risks of macroeconomic and universal uncertainty continue to influence the encryption market.
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The next few days will be the Sol key. The bulls should act quickly to defend the defense or support and try to recover, or risk opening the door to another major leg down.
Distinctive image from Dall-E, the tradingView graph
The post Solana Will Face A Pivotal Moment In May – Bear Market Bounce Or Bull Market Dip? first appeared on Investorempires.com.
