Solana (SOL) has recently shown bullish signs after forming a hidden bullish divergence, aiming for significant resistance levels.
Strengthening Bullish Momentum
Solana (SOL) has reversed a prolonged downtrend, breaking out of a descending trendline and forming higher highs and lows, supporting the uptrend.
Critical Resistance and Support Levels
SOL faces a key resistance at $223.80. Breaking above this level could lead to $447.87, a long-term bullish target. However, losing support could indicate further downside pressure.
Future Prospects
Currently, the market is consolidating after a strong rally. If support holds and resistance at $223.80 is broken, the price could quickly rise to $447.87. Failing to hold support may result in deeper corrections.
Solana is at a pivotal juncture: breaking resistance could trigger a new rally, while losing support might lead to declines. Upcoming days will determine the market direction.
