Solana Price Prediction: Uptrend Depends on Breaking This Resistance!
Reporter
- Solana continues to push upwards in a bullish direction.
- If SOL receives sustained capital inflows, it may surpass $163.
Solana [SOL] was previously mentioned as hitting the key level of $157. If it breaks the resistance at $160, it could open a new path to $180. Buying pressure has been decreasing in the past few hours.
Long-term analysis revealed an Adam and Eve pattern that also suggested bullish results. Are traders prepared for a potential breakout for Sol!
Is there a smaller range created by Solana?
Around the midpoint at $154, another range (red) appeared between $138 and $163. A second range (red) between $138 and $154 appeared around the midpoint. In the last few hours, SOL was traded at$163 and got rejected.
The MACD showed signs of an uptrend, but this wasn’t fully solidified yet. On August24th, The CMF rose to +0.13 which indicated strong capital inflow then quickly fell back down to +0.05!
It’s possible that this could indicate a potential retracement or just be a test of support at$154 before pushing up again.
Another question raised is:
Is liquidity more likely to drop below$140?
AskFX discovered significant liquidation levels at both the$135 region andthe$187 region; however they are far from current market values.
So their prediction is that these are targets if either$162or$$145 gets broken first!”
That said,
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