Solana is retesting the key support at $157 after earlier bullish movements, trading at approximately $162.30. The price aligns with the 1.618 Fibonacci extension near $178, indicating potential for further increases.
The positive cup and handle pattern suggests strong investor confidence. With notable short liquidations and continued outflows from exchanges, the conditions are set for Solana to possibly reach $185 and even $220 if resistance levels are broken.
Leave a Reply