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Crypto Trends

Solana targets $ 200 as the market witnesses first market

Solana is trading at $ 133.55, and has increased by 5.75 % over the past 24 hours, with an increase of $ 136.08 and the lowest level in $ 132.81. With the market formation of about $ 68.12 billion, Sol in the first five centers in encrypted currencies despite its 54 % decrease from its highest level ever at $ 285.

Feelings in Sol in the market are still positive as the distinctive symbol is combined in the composition of a similar triangle. Recent price procedures indicate that merchants pay close attention to the level of $ 134.

Sol price analysis

The graph for 4 hours clearly indicates that Sol has created a similar triangular style since early March, which reflects the unification period after declining from $ 200. The current price procedure indicates the Sol Test, the upper edge of this triangle, about $ 134, with a decrease in volume with a maturity of the pattern, indicating the next penetration decision.

Solana price schemeSolana price scheme
Solana price scheme

The main resistance points are determined on $ 137.87 and $ 149.65 with resistance in the short term in the upper direction line. Support within the day in the lower direction line with more support at $ 125.94 and significant support at $ 113.16 if the bear pressure increases.

The pivot points on the chart indicate to the Sol currently between the S1 ($ 125.94) and R1 ($ 137.87), with a main level of $ 134 is a decision or break. Axis levels also indicate many resistant obstacles in the foreground, as the R3 was at $ 162.58 represented a major obstacle in any extended gathering.

The random RSI index currently records 90.79/95.36 readings, at peak purchase levels. These readings usually indicate a possible exhaustion in the prevailing direction, and indicate that Sol may face a decrease in the near future.

Sol price goals

If the Sol crosses the downtown line at about $ 134-135 dollars, the first goal will be at $ 137.87 and then R2 at $ 149.65. If the step persists at this level, you will target R3 at $ 162.58.

The triangle height may save about $ 30-35 on the graph at the penetration point, a technical goal of about $ 165-170 for upward or 100-105 dollars for a declining collapse.

Solana Futures ETFS for Wall Street

Reinforcement Climb pressure ocean Solana, FloridaLLC fluctuations will appear Two traded investment funds Tracking Solana future On March 20. With the investment funds circulated in the traded investment funds, the investment funds circulated in Solana Futures Solana will With expenses of 0.95 % and 1.85 %.

Solana Etf (Solz) will track Solana Etf (Solz) Solana, and 2X Solana Futures (Solt) will offer 2x crane.

Sahil MahadikSahil Mahadik

Written by Sahil Mahedik

As a full -time trading with more than three years of practical experience in financial markets, exceptional efficiency in technical analysis, which is the cornerstone of the daily monitors of price fluctuations in the leading assets and indicators. My journey started to circulate with a deep charm of financial tools, and this curiosity is naturally expanded in the world of sophisticated cryptocurrencies. I am currently contributing to Cryptonewsz, and I have also written for Coingaape, Coin Republic and Therkarketperodical. I am driven by the market and I want to explore new opportunities. I analyze the emerging trends and strategies to obtain the maximum returns in the traditional coding markets.

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