SOL Passed $100, But How High Can It Rise? Three Things to Watch This Week (solana Price An
Solana broke key resistance and is poised for higher levels.
Key Support levels: $104
Key Resistance levels: $126
1. Switch Resistor Broken
The $104 resistance was finally broken and the price briefly managed to rise to $110. Since then, Solana entered a pullback and is currently testing $104 as support. If this level is maintained, the price has a clear upward path.
Chart by TradingView
2. Next Destination
The late December high is the current target of $126. Sellers have performed strongly at this price level, but this time they may face a stiff challenge from buyers, especially if momentum continues to build.
Chart by TradingView
3. MACD Bullish Cross
The two-day MACD has turned bullish, indicating a reversal of momentum. If buyers continue to exert pressure, this could turn into a sustained rise to higher levels.
Chart by TradingView
Prejudice
The trend for SOL is upward.
Short Term Forecast for SOL Price
If Solana manages to turn the $104 level into an important support, there are high chances of the bulls pushing the price to $126 next.
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Cryptocurrency charts from TradingView.
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