Solana has taken a bullish turn, reclaiming the 4-hour Simple Moving Average (SMA) and targeting the $209 resistance level. This reflects renewed buying interest and growing optimism among traders, as SOL bounces back from recent consolidation.
With increased trading activity, confidence in Solana's potential for further upside is rising, although resistance levels might present challenges. Sustaining this trajectory requires strong market support and buying pressure.
A breakout above $209 could confirm the recovery and open doors for more gains. Technical indicators, like the RSI, support renewed buying pressure, pointing to potential further growth if not overextended.
The $209 level is pivotal; clearing it validates the uptrend. Failure to break through could lead to consolidation around lower support levels such as $194 or $164.
Kaynak: www.newsbtc.com ↗