SolanaLong
Solana: Poised for a Breakout Towards a New All-Time High
Solana (SOL) is currently trading at the expanding channel support level of $163.69, a critical demand zone that presents a strategic entry point for long positions. A successful rebound from this level could drive the price toward the initial resistance at $206.38.
If SOL manages to break above and sustain momentum beyond this minor resistance, it could confirm a bullish continuation, targeting the expanding channel resistance. A breakout at this level would pave the way for a potential rally towards a new all-time high at $327.32.
However, if SOL fails to hold the expanding channel support and experiences a breakdown, selling pressure may intensify, pushing the price toward the major support level at $124.29. This level could serve as a crucial re-entry point for buyback opportunities.
Fundamental analysis :
On March 1, 2025, approximately 11.2 million SOL tokens—equivalent to 2.29% of the total supply—are scheduled to be unlocked. This event could introduce significant downward pressure on SOL's price, potentially triggering a bearish movement as market participants anticipate increased sell-side liquidity.
If SOL manages to break above and sustain momentum beyond this minor resistance, it could confirm a bullish continuation, targeting the expanding channel resistance. A breakout at this level would pave the way for a potential rally towards a new all-time high at $327.32.
However, if SOL fails to hold the expanding channel support and experiences a breakdown, selling pressure may intensify, pushing the price toward the major support level at $124.29. This level could serve as a crucial re-entry point for buyback opportunities.
Fundamental analysis :
On March 1, 2025, approximately 11.2 million SOL tokens—equivalent to 2.29% of the total supply—are scheduled to be unlocked. This event could introduce significant downward pressure on SOL's price, potentially triggering a bearish movement as market participants anticipate increased sell-side liquidity.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.