Solana (SOL) has managed a 7.5% recovery amid a struggling crypto market. The cryptocurrency had fallen to a three-week low of $175 following a market downturn driven by US tariff announcements. Analysts observed that breaking through the $200 mark is necessary to sustain recovery.
Despite a sharp fall, Solana exhibited resilience by bouncing off key support levels at $170-180, striving to retake $200. Analyst Jelle emphasized Solana’s solid market structure, supported by TD Sequential’s buy signal, suggesting potential upward momentum if the cryptocurrency remains above crucial supports.
With Solana trading at $211, analysts anticipate a possible retest of the $240 resistance, hopeful of further gains if conditions remain favorable.
Source : www.newsbtc.com ↗