The analytical firm MakroVision, in its latest report, noted potential changes in Solana's price dynamics, pointing out early signs of stabilization above $170.
Introduction to MakroVision's Analysis
MakroVision's analysis points to a bullish divergence detected by the MVP indicator. This is the first signal that the downward pressure is easing.
Key Support and Resistance Levels
MakroVision analysts identified the $159-$170 area as a strong support level that could form the basis for a potential recovery. While initial signs of stabilization are evident, a trend reversal would depend on Solana breaking through key resistance levels. These include $188 and the green trend line, which could trigger a stronger recovery if surpassed, and $204 and red trendlines, seen as crucial resistance clusters. A break above $204 would signal a clear uptrend.
What Analysts Predict
According to the analytical firm, Solana's current price action suggests a possible reversal, supported by a bullish divergence in the MVP indicator. However, a breakout of the $188 and $204 resistance levels will be essential for the upward momentum to gain traction.
MakroVision's analytical outlook suggests that Solana's price movement depends on overcoming key resistance levels. Observed stabilization signals may indicate new recovery opportunities.
