Story Highlights* Solana has entered a crucial consolidation phase, which points towards a breakout, but only after a bullish confirmation
The levels around $200 could mark both a psychological and technical resistance, aligned with historical rejection zones and fib extensions from recent swing lows
Meanwhile, a sharp rejection and a breakdown below the current key support range could invalidate the bullish setup to $200
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Solana in a Macro Accumulation Zone: $300 Still Appears to be an Achievable Target for SOL Price
Story Highlights* Solana has entered a crucial consolidation phase, which points towards a breakout, but only after a bullish confirmation