After a solid recovery from the daily 200MA, Solana has retraced from its local high around $210.
Currently trading around $180, previous resistance and potential support, if the bulls can reclaim $184, we may see a recovery towards $206.
Potential resistance can be expected around $190 first.
Continued short-term weakness from current levels could see price test $170 - $175 as support.
Considering that a new high was created and price is trading above the daily 200MA, the market could be signaling strength and potential for further bullish momentum.
Currently trading around $180, previous resistance and potential support, if the bulls can reclaim $184, we may see a recovery towards $206.
Potential resistance can be expected around $190 first.
Continued short-term weakness from current levels could see price test $170 - $175 as support.
Considering that a new high was created and price is trading above the daily 200MA, the market could be signaling strength and potential for further bullish momentum.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.