An analysis of the technical situation in the Solana market indicates a possible recovery following a recent price decline. Key resistance and support levels play a crucial role in determining the future trajectory.
Current Situation in the Solana Market
According to forecasts from MakroVision, the Solana market is in a corrective phase, confirmed by the wave structure (A)-(B)-(C). Following a recent decline, there is a noted modest recovery attempt in prices.
Key Resistance and Support Levels
Analysts point to the $223 level as the first significant barrier for price increases. If this level is breached, it could signify a regaining strength of bulls. Additionally, the $246 level will be the next hurdle, with a potential rise to $270 if momentum builds. On the support side, the levels $198 and $193 are critical.
Future Movement of Solana
Forecasts indicate uncertainty regarding the near future of Solana. Whether the current recovery wave becomes a sustainable rally or a temporary phenomenon will become evident in the upcoming trading sessions.
The situation in the Solana market calls for careful monitoring of price movements and key levels that may significantly influence the asset's behavior in the future.
