Solana

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The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/solana-bulls-eye-240-after-rebounding-from-210-support/" rel="noopener noreferrer nofollow">Solana Bulls Eye $240 After Rebounding from $210 Support </a>appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.Solana [SOL] bulls have defended the $210 support over the past two days and managed to drive a price bounce. Yet, the technical indicators showcased bears were gaining the upper hand. The indecisive price action of <a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin [BTC]</a> also lent little support to Solana.Over the next few days, consolidation between the $210-$230 region is expected. Below $210, another key level was highlighted. A move below this level could see SOL shed another 10% in value.Read also: <a href="https://cryptosnewss.com/ethereum-prodigy-joins-solana-sols-price-surge-on-the-horizon/" rel="noopener noreferrer nofollow">Ethereum Prodigy Joins Solana: SOL&#39;s Price Surge on the Horizon?</a><h2 id="header-0">Solana bounces 4% from support</h2>On the daily timeframe, Solana exhibited a bearish market structure. This came after the price set a series of lower highs in the past two weeks. The March highs at $210 were defended over the past two days.Yet, the indicators have shifted and now reflect bearish pressure. The CMF fell below -0.05 to signal significant capital flow out of the market. The Awesome Oscillator also formed a bearish crossover to signal downward momentum was building.It is expected that bulls would defend the $210 key support for Solana. There is a high chance for volatility in the short term.If SOL closes a daily session below $202-$203, it would be a firm indication that more losses are ahead. In that scenario, a move to $180 can be expected.<h2 id="header-1">Volatility expected between $210-$230</h2>The liquidation map showed that there was a collection of high-leverage long positions from $210.5 to $218. It is likely to be revisited as prices are drawn to liquidity. To the north, the $220-$230.3 zone also has a sizeable cumulative leverage.It is anticipated that Solana will bounce between $210 and $230 levels in the coming days before it can resume its previous uptrend. The chances of an uptrend would decrease if Bitcoin fell below $94k and $90.5k.The post <a href="https://cryptosnewss.com/solana-bulls-eye-240-after-rebounding-from-210-support/" rel="noopener noreferrer nofollow">Solana Bulls Eye $240 After Rebounding from $210 Support </a>appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.

Solana Bulls Eye $240 After Rebounding from $210 Support

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