Solana has demonstrated a noticeable 13% weekly price increase, reaching $174, which has generated optimism among investors. However, a sense of caution is also present, given potential bearish indicators highlighted by experts.
Analyst Ceciliones from TradingView has pointed out that, despite this upward momentum, Solana may face substantial challenges if it fails to maintain support above the $125 level. This insight prompts a balanced outlook, considering both potential recovery and downside risks.
The current market scenario suggests that traders and investors should remain vigilant, as technical analysis indicates possible volatility and the need for strategic positioning either to capitalize on gains or mitigate losses.
