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Solana is negotiated at a critical level while the wider cryptography market is consolidated under key resistance zones. After a sharp increase of 90% since the beginning of April, Sol has experienced a modest withdrawal, arousing speculation that this can be the final decline before a significant movement higher. While many assets find it difficult to maintain the momentum, Solana has shown remarkable strength and resilience, strengthening bullish expectations.
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The superior analyst Abbe shared a technical view suggesting that the long -term update structure of Solana remains firmly intact. According to Abbe, the retest last month of the multi -year trend line marked a central moment for the asset, strengthening support and resetting the feeling for potential continuation. Since the rebound of this level, Sol has continued to climb regularly, and many now believe that Solana is preparing for another step.
With basic principles and historical models pointing to the upward renewal, the market looks closely. A successful recovery of the nearby resistance levels could be the trigger that brings Solana back to its top of all previous time – and potentially beyond. For the moment, soil holders are considering this consolidation phase Like calm before the storm.
Solana has critical support as an optimistic continuation of the market eyes
Solana tests a crucial request zone around the level of $ 165, trying to establish a base for its next major movement. This range has become a key battlefield between bulls and bears, especially since the broader feeling of the market is shaped by the Bitcoin struggle to exceed its top of all time. With BTC blocking just below $ 109,000, uncertainty obscures the prospects of many altcoins, including soil. However, Solana continues to show relative sign signs.
Despite recent declines, the global trend for Solana remains upward. According to AbbotThe multi -year rise in the active increase remains intact. Last month, Solana managed to retest its long -term trend, which, according to Abbe, marked the bottom of the recent correction. Since this rebound, Sol has jumped by more than 50%, demonstrating strong confidence of investors and a solid underlying impulse.
Abbe maintains that the summit of $ 290 seen earlier was not the latest peak of Solana, projecting a new summit of all time in 2025. His upward thesis is supported by the improvement of fundamentals through the Solana ecosystem, including the growing activity of developers, the growing participation of Defi and the increase in the use of the head.
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Solid price analysis: hold the line before a big movement
Solana (Sol) is currently negotiated at $ 167.76 after a net rally in early May which increased the price above the 200-day EMA and 200-day SMA. The graph shows that floor is climbing more than 90% since its hollow in April, confirming the bullish momentum and a renewal of interest on the market. However, the price is now blocked just below the SMA from 200 days to $ 181.03, which acts as a dynamic resistance.
The key support is near the 200 -day EMA at $ 162.55. As long as the soil holds this level, the short -term structure remains optimistic. A clear break above the level of $ 181 would open the door for a movement towards the psychological bar of $ 200 and potentially higher. But if the bears regain control and prices decrease below $ 160, the upward trend could be in danger.
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The volume has decreased slightly since the beginning of May in May, referring to a possible exhaustion or consolidation before another leg. The merchants watch closely for confirmation – or an escape greater than $ 181, or a ventilation below the EMA.
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