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Solana (floor) tries to recover a key level of support in the middle of the recent recovery of the market, with a bullish feeling that apparently returns to Altcoin. Some analysts have suggested that its momentum could propel cryptocurrency to the next crucial resistance.
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Solana feeling again reaches positive levels
In the past few days, Solana has experienced upward recovery compared to the stockings of last week, increasing by 14% from support of $ 121. The market resumption propelled the token over the $ 145 barrier earlier this week, after printing five consecutive green candles.
In the middle of this week’s overvoltage, the chain analysis platform highlighted Solana’s social feeling has experienced a massive increase in historical summits fueled by institutional interest, technological advantages, community support and the commitment of influence.
“With news from institutions like Gamestop and Blackrock integrating Bitcoin and launch cash funds in token on Solana, the crypto market capitalization assets see an amazing level of feeling of haus health marketing” explained the director of Marketing at Brian Quinlivan.
According to the position, publications on social networks reflect optimism for the recovery of soil prices and a bullish Perspectives on the wider cryptography market. In particular, Solana records a “positive negative vs comment ratio of 18: 1 at the moment”.
Barely a month ago, the feeling of the soil struck its the lowest level in one year. According to analyst Miles Deutscher, the feeling has not been at these levels since Solana recovered the $ 100 barrier at the beginning of 2024.
It should be noted that the feeling of the market has changed considerably after the collapse of the frenzy of the same, which fueled the floor rally throughout last year. After the launch of the controversy Trump and Melania Memecoin and the controversy of the Libra tokens, several members of the community expressed growing fatigue of the many scams.
Subsequently, the price of cryptocurrency fell by more than 50% compared to its top of all time in January (ATH), losing the $ 200 support area and reaching an annual hollow of $ 111 earlier this month.
Sol Geeting for the next great resistance
Various market observers noted Solana’s recent performance, highlighting the level of $ 136 on Monday. This level was a resistance Over the past two weeks and has also served as a key escape level during the rashes of the Q1 and Q4 2024.
Jelle analyst consider There is “a lot of land to be covered” despite the “solid recovery” of the 2024 low -end. Meanwhile, another market observer stressed that Solana broke out a model of ascending triangle after prices overvoltage.
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After attempt To retrieve the $ 140 mark this morning, SOL RESTESTE currently the recently recovered support, oscillating between the price range of $ 136 and $ 139. A successful evasion confirmation could promote the Solana rally to the next large barrier, at $ 180.
According to Ether Wizz, Sol is “fully ready for its next big movement”. Once the next crucial resistance brokenThe “next step will take us around $ 270. Many people are still not ready for this decision, ”concluded the analyst.
To date, Solana is negotiated at $ 138, an increase of 2% within the weekly time.
Star image of Unsplash.com, tradingView.com graphic