Solana can target $ 220 if she holds current levels-the analyst expects a short-term bullish momentum
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Solana is trading above 200 decisive dollars after the permanent days of severe fluctuations and heavy sale pressure. Despite the uncertainty, Solana is still one of the strongest assets in the encryption market, as she maintains her upscale momentum that has been present since 2023. Investors and analysts closely monitor this main level, as maintaining support above $ 200 is necessary to confirm more The upward upward potential.
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Supreme analyst Jelle shared a technical analysis on X, highlighting the current Solana position. He pointed out that Seoul maintains the main support level until now and stressed the importance of the apostasy from this region to maintain the upscale momentum in the short term. According to a generation, the restoration of $ 220 is the first task of the bulls, as it will carry out the march of the commercial assembly towards the last altitudes. However, failure to maintain more than $ 200 can cause trouble, which may lead to more negative side and a more extensive unification period.
As the market is exposed to high fluctuations, this week will be very important in determining the Solana path in the short term. If Bulls defend the main support levels and restore resistance areas, it may be the right path to another payment, and it continues to be impressive from last year.
Solana is at a critical turn: Can the bulls control?
Solana has regained 40 % of the high, raising fears among investors who fear a long correction. Although Sol was one of the most powerful assets in this session, he left the recent measures of the market participants unarmed for its short -term direction.
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Despite the institutional institutions and the pro -country, the market is still suffering from doubt, as Altseason’s accounts are struggling to gain traction. The level of uncertainty surrounding the encryption markets is unprecedented compared to the past floods, which leads to an increase in frequency between retailers.
However, some analysts still optimistic about Solana’s long -term horizons. Supreme analyst Jelle A shared Technical analysis on xIt reveals that Solana holds the main support level about 200 dollars so far. He stressed that in order for Seoul to remain up in the short term, it is necessary to refrain from this region. If Bulls interferes and defends this level, Jelle expects more than $ 220 in the near future, which can pave the way for a wider recovery.
If Solana is more than $ 200 and retrieves the main resistance levels, it will refer to renewable power and confirm the existence of a potential gathering in the heights at all. However, if Sol reduces support, the additional downside can be followed, which enhances a declining feeling throughout the market. The coming days will be decisive in determining the next stage of the Solana price movement.
The Sol price holds the main support at $ 200
Solana (Sol) is currently trading at $ 205, while maintaining the decisive support level at $ 200. This price point is extremely important to momentum in the short term, as keeping over it enhances the upscale issue of another higher leg. If the bulls can maintain this level and pay more than $ 220, it may follow a strong outbreak, which may restore Seoul to high lands (ATH) at all.
However, if $ 200 fails to keep it, Sol may face a deeper correction, with the following main demand zone about $ 180. The decrease to this level can indicate a longer monotheism, which delays the expected upward continuation.
Currently, Solana is still in decisive, as the market structure and purchase pressure will determine the next main step. If Sol recovers $ 220, it will become a significant increase of about $ 250 to $ 260. On the other hand, the loss of $ 200 would turn the decline, leading to pressure on prices.
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With strong essentials and long -term momentum, investors closely monitor the Solana price procedures. The next few trading sessions will be crucial in determining whether Sol can resume the upward trend or face additional negative pressure.
Distinctive image from Dall-E, the tradingView graph