- Solana price has overcome the resistance at $210, and is currently trading at $213, leading to a potential increase to $220 and higher.
- Solana price is improving in the form of an ascending triangle, which indicates that Solana might be approaching $240-$250 in the event of a bullish movement.
- The current price support at $213 is also worth considering to ensure that Solana does not reverse its bullish wave.
Solana price has recently crossed the crucial resistance level at $210 and is trading at $213, which leads to speculation that Solana price could soon experience even greater profits. This break has brought back hope among traders, particularly following weeks of failure at this resistance level. With the price perched above $213, everyone is watching to see whether Solana can carry on and keep climbing even higher.
Solana Price at $213, Is This the Start of Bigger Gains?
Solana price recently overcame the major resistance of $210, Solana price is trading at $213. This breakout is pointed out by analyst Trader Tardigrade, which marks the transition into a new stage of increasing momentum. Generally, resistance is broken and leads to a high buying pressure and additional price gains no longer holding Solana price back, Solana price can extend its bullish trend $210.
Source: Trader Tardigrade/X
In the future, the next major resistance is going to be $220. An upward jump beyond this would bring it into $240-$250 where it has been resisted previously. Should solana price clear this zone, this would indicate good bullish action and possible new highs, as per Trader Tardigrade.
Solana price is performing in a bullish trend because it has formed an ascending triangle formation with higher lows and flat resistance at $220. This trend shows that, should Solana price break out above this resistance, it might shoot to $250-$270 area, with the possibility of reaching up to $280. Analyst BobLoukas believes that a break above $220 will indicate powerful bullish momentum, and sustainability of the uptrend.
Source: BobLoukas/X
Nonetheless, traders should remain cautious because the support level of $210 is pivotal in maintaining the bullish trend. If Solana price cannot support price at this level, a fall-back to the range of $190-$180 may reveal the resiliency of the uptrend. Traders should apply stop-loss techniques and observe volume, major indicators like RSI and MACD to get an idea about the sustainability of the bullish momentum.
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