Solana Price Eyes Surge To $260, But Losing $190 Could Ruin The Rally 📈
Solana's recent price action has seen a decline below $200, yet it remains trading in a bullish parallel channel setup. This channel, defined by higher highs and highs lows, sets the stage for a potential recovery to $260, according to technical analysis. However, holding above the critical $190 support level is crucial to maintaining this outlook.
The past week has shown resistance at the $205 price point, with Solana's all-time high at $293 underlining its volatility. Crypto analyst Ali Martinez indicates that maintaining the parallel channel position offers promise for recovery. Meanwhile, Solana currently trades at $193, testing the $190 level — a decisive line for sustaining bullish momentum.
Source: www.newsbtc.com ↗
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