Solana Breaks Key Resistance and Prepares for Higher Levels
Solana has successfully broken through the key resistance at $104 and briefly rallied to $110. Currently, the price is undergoing a pullback and testing the $104 level as support. If this support holds, it indicates a clear path for the price to move higher.
Next Target: $126
The next target for Solana is the high from late December at $126. Although sellers previously exerted strong pressure at this price level, they may face a tough battle from buyers this time if momentum continues to build up.
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MACD Bullish Cross
The two-day MACD has made a bullish cross, signaling a reversal in momentum. If buyers maintain their pressure, it could lead to a sustained rally to higher levels.
Bullish Bias
The bias for SOL is currently bullish.
Short-Term Prediction: SOL Price
If Solana successfully establishes the $104 level as a key support, there is a good chance that bulls will push the price towards $126 next.
