The analytical company of cryptocurrency Makrovision has published its last assessment of SOLANA (SOL) price movements.
Experts note that the previously identified corrective bull structure materialized, which led to another decrease in the impulsive wave (C). While recovery is already underway, for sustainable growth it is necessary to break the key levels of resistance.
According to Makrovision, the general descending trend remains correcting in the structure (a)-(b)-(c), which suggests that the short-term bottom can form. Nevertheless, it is important to determine whether a strong bull impulse will follow or whether the restoration will simply corrective.
Analysts called the following areas as key levels of resistance and support:
- $ 223: Key level of resistance with high liquidity. The gap above this level will be the first positive signal for sustainable recovery.
- $ 246: The next obstacle that needs to be cleaned in order for growth potential to continue up to $ 270.
- 198 dollars in the USA (0.5 Fibonacci) and $ 193 (0.618 Fibonacci): These levels can act as short -term supports in case of rollback.
- $ 188: A very important level. The fall below this point can cause one more down.
*This is not an investment council.
