Solana Pullback To $137: Will Bulls Break Through Or Bears Dominate?
Solana (SOL) has recently pulled back to the $137 level, a key point that could dictate its next move in the market. As the cryptocurrency tests this resistance, market participants are watching closely to see if the bears will seize the opportunity to drive prices lower, or if the bulls will capitalize on this pullback to ignite a breakout. This article aims to analyze Solana’s recent pullback to the $137 level and assess whether the bears can regain momentum to push the price lower or if the bulls will leverage this moment to drive a breakout. By examining key technical....
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Solana plummeted substantially over the last 24 hours and was inching towards its crucial support line. The technical outlook of the coin continued to reflect bearishness. Few days ago though, the coin had attempted to bring the bulls back. At the current moment, SOL was back to trading near the August 2021 level. Buyers also left the market as the bulls were defeated. Price of the coin has now found support on the $38 price mark. With the bears exerting pressure and causing sellers to dominate the market, Solana might again fail to sustain above the $38 price mark. Major resistance for....
Solana (SOL) recently experienced a price pullback after failing to break below the crucial $118 support level. This rebound indicates strong buying interest at this support level, preventing further declines and stabilizing the price. The $118 mark has proven to be a resilient support, with market participants closely watching Solana’s price action for signs of […]
Solana price action indicates that bulls are attempting to regain the market. SOL prices begin the daily trading chart in a horizontal trend. As the market encounters resistance at the $100.5 level, solana prices are trading close to $100. Bulls will attempt to drive prices higher in order to reclaim the $101 level. If prices can be pushed below $99.5, the bears will be able to take control of the market. In the previous 12 hours, Solana prices have fluctuated between $97.10 and $100.54, with the cryptocurrency gaining 0.11%. Solana Recovers Above $100 As the cryptocurrency trades near to....
The price of Solana (SOL) has been unable to break out of a tight range between $32 and $33 during the past few days. As of this writing, SOL is trading at $32.72, down 16.5% in the last seven days – and around the same level it was trading Friday, data from Coingecko show, Monday. According to analysts, the lack of price movement in Solana suggests that the market is uncertain about the direction of the cryptocurrency. Suggested Reading | Litecoin (LTC) Drops Below $50 After Consistent Bearish Squeeze Solana Can’t Extricate Itself Past $33 The Solana coin’s....
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