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Has the (SOL) bull started on Solana? At April's High! Here's the Level Indicated by the Analysis Company for the Rally
Cryptocurrency analysis firm MakroVision has weighed in on Solana's latest technical outlook (SOL). In the analysis, the recovery trend of SOL in recent days draws attention.
In particular, the strong reaction following the successful pullback to the 0.665 Fibonacci level dolar( )~105 carries promising signals for investors, according to the analysis firm.
Solana managed to break the technically critical red descending trendline to the upside. This is considered the first positive signal.
While it is stated that the rise that started at the level of approximately $ 96 is in an impulsive structure, the previous lows must be broken for the permanence of this structure.
SOL has reached the first serious resistance level in the $135 – $138 band. If this level is broken to the upside, it is predicted that the price may accelerate to $159. There is an important liquidity zone at this level. In particular, a break of the previous lower high at $147 could confirm a strong trend reversal.
What Are The Support Levels For Solana?
As a result of the analysis, MakroVision claimed that the first bullish signals appeared in Solana's technical structure, but a break above the $147 level would confirm a true trend reversal.