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Solana (SOL) is moving in extreme volatility, as the broader market has turned to rise within yesterday’s hours. After it has suffered a sharp decrease of 25 % of its highest level (ATH) in less than two weeks, Sol tested the decisive demand level and is now trying to restore the lost land.
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Investors remain divided on whether Solana has been bottom or if another decline is on the horizon. However, early signs indicate that buyers intervene and defend the main technical levels. Supreme analyst Jelle shared a technical analysis of X, noting that Solana has reinstated EMA for 25 days from EMA and RSI, both of whom were historically strong support during the upscale trends. After this re -test, the SOL is directly to the main resistance, indicating a possible reflection if the bulls maintain the momentum.
In order for Solana to confirm his recovery, he must break the resistance and keep his move higher. If it succeeds, Sol can resume its upward direction, which is likely to recover its highest levels. However, failure to break the key levels can lead to more monotheism or even another leg down. The coming days will be decisive in determining the next main step for Solana.
Solana rises by 8 % when the market interacts with the Federal Reserve meeting
Solana wore strongly, and rose by 8 % of the local bottoms on Wednesday, as the entire market reaction was positively with the Federal Reserve meeting. Investors and analysts are now focusing into the upward view, and they expect a strong performance of encryption throughout the year. With the improvement of feelings, Sol again puts itself in placing itself as a pioneer in the market, with the aim of restoring the main price levels and pushing towards its highest levels.
The best generation analyst Participate in technical analysis on xWith the highlight of the last Solana Test of EMA for 25 days and RSI MIDLEVEL, both of which were historically as decisive support areas. After confirming these levels, Soul turned directly to the main resistance, indicating a possible outbreak if the momentum continues.
Jelle confirmed that for Solana that “looks great again”, you should recover $ 240. However, he also warned that “resistance is resistance” until a clear outbreak occurs.
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Since the broader market is trying to pay higher, Solana leads the road with strong technical formations and renews the upscale momentum. If Bulls succeed in paying the previous resistance, Sol can re -test its highest levels ever and enter the discovery of prices again. The coming days will be a pivotal in determining whether Solana emphasizes his next upward trend.
Solana Price is strong at $ 240
Solana (Sol) is currently trading at $ 240 after successfully testing $ 220 as support. The price looks ready for apostasy, but the main resistance levels must be recovered to confirm the reflection of the short -term direction. In order for Bulls to maintain momentum, Sol must break more than $ 240 and $ 260, which are decisive resistance areas crowned with an upward movement in recent days. If Solana has wipes these levels strongly, the highest levels of their levels (ATH) will be imminent, which represents the way to discover prices.
On the landmark, the loss of the 220 dollar sign would indicate weakness, which leads to more negative and deeper monotheism. The broader market is still volatile, and Sol should carry higher support levels to maintain its upward path.
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Currently, Solana remains in a good position to pay up, but investors will closely watch to see if he can recover resistance and confirm the collapse. The next few days will be very important in determining whether Sol resumes ascending or facing another test of demand levels.
Distinctive image from Dall-E, the tradingView graph
