Altcoins News
By Dan Saada
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Solana (SOL) faces a critical test at the $145 support level, many traders are watching the cryptocurrency closely, wondering if a breakout move towards $180 could be on the…
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Solana has been fluctuating near the psychological $145 mark as it attempts to maintain bullish momentum.
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On the 4-hour chart, a minor lower wick on the latest candle indicates a potential bullish reversal.
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The consolidation zone between $145 and $155 has also formed a bearish head-and-shoulders pattern.
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While these bearish signals remain, traders are still closely monitoring the broader market conditions and the possibility of a bullish breakout.
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Despite short-term bearish signals, there is optimism for Solana's longer-term outlook. Analyst Ali Martinez is particularly bullish on Solana's weekly chart, noting that the…
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The ongoing formation of the handle suggests that Solana is in the final stages of completing this pattern, with a potential breakout looking increasingly likely.
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Based on the current analysis, the key level to watch for Solana is the $145 support. As long as SOL maintains above this level, bulls may aim for higher price targets.
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The bullish sentiment for Solana remains intact, as long as the $145 support holds. The cup-and-handle pattern forming on the weekly chart adds optimism for a potential breakout…
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Solana is currently defending the critical $145 support level, and its next move remains uncertain.
The Currency Analytics
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