Solana

<ul><li>Solana&#39;s upward trend since November 2023 faces a corrective phase, with key support at $126 and resistance around $170.</li><li>Support at $143 has proven strong, while resistance near $166 could challenge Solana&#39;s short-term upward momentum.</li><li>A break above $166 could signal a bullish reversal, but a drop below $143 might indicate a bearish shift.</li></ul><a href="https://cryptotale.org/solana-season-at-the-horizon-sol-nears-ath-against-ether/" rel="noopener noreferrer nofollow">Solana</a> (SOL) continues to impress market observers as it maintains a strong upward trend. Since bottoming out in November 2023, SOL has been steadily climbing, with analysts noting a series of higher highs and higher lows, culminating in a peak at wave (iii).Crypto Tony, a top analyst, has presented a chart indicating Solana’s price movements and the potential uptick. Solana&#39;s price action has been moving sideways with occasional dips, characteristic of a wave (iv) correction in Elliott Wave theory.On the weekly chart, key levels have emerged, providing crucial insights into Solana&#39;s price movements. A horizontal support line around the $126 price level has been identified, marking a zone of significant buying interest. This level has been tested multiple times, most notably when the price dipped recently, only to rebound quickly. This behavior suggests that buyers are eager to accumulate at this level, reinforcing it as a solid foundation for Solana&#39;s price.<a href="https://cryptotale.org/solana-sol-to-reach-highs-in-wave-v-resistance-at-245/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana (SOL) To Reach Highs in Wave (v), Resistance at $245

CryptoTale

Other articles published on Aug 13, 2024

Binance Hit with $86M Tax Demand by Indian Authorities Over GST Registration

Grayscale Initiates New MKR Investment Fund

Cryptocurrency Maker Rises More Than 5% In 24 hours

BNB Chain Announces Winners of Second BNB Incubation Alliance Round

Red Dead Redemption could finally be coming to PC

DBS Bank partners with Ant International on blockchain treasury solution

Join our free newsletter for daily crypto updates!