Cryptocurrency analysis firm MakroVision has released a fresh overview of Solana's (SOL) technical state, highlighting positive recovery trends in recent days.
Recovery Trend of Solana (SOL)
In recent days, Solana has shown recovery after successfully retracing to the 0.665 Fibonacci level (~$105), which creates promising signals for investors. Solana managed to break above the critical red falling trend line, which is considered the first positive signal.
Key Support and Resistance Levels
Solana has reached the first serious resistance level in the $135-$138 band. A break above this level could lead to price acceleration toward $159, where a significant liquidity zone is located. In particular, breaking the previous high peak at $147 could confirm a strong trend reversal.
Support Levels:
* $126: Previous resistance is now short-term support. * $117-$118: The 0.618 Fibonacci level stands out as the main reaction point in a possible pullback.
Conclusions and Forecasts
As per the analysis, MakroVision stated that the first bullish signals appeared in Solana's technical structure. However, breaking the $147 level would confirm a real trend reversal.
The analysis indicates positive changes in Solana's trends, but it is essential to monitor key support and resistance levels for assessing future market movements.
