Solana is another asset that the bulls seem to be trying to defend market structure on the monthly.
Solana's most important monthly level is around $202.50. This was the monthly close before our 2021 ATH and was also the monthly close in March 2024 (red arrows). This was a key level where sellers took over and suppressed price.
Now that price has broken above we want top see this level get flipped into new support (green arrow). Therefore, if we can get this monthly close above the $200 level that should be the first sign of continuation for solana.
Solana's most important monthly level is around $202.50. This was the monthly close before our 2021 ATH and was also the monthly close in March 2024 (red arrows). This was a key level where sellers took over and suppressed price.
Now that price has broken above we want top see this level get flipped into new support (green arrow). Therefore, if we can get this monthly close above the $200 level that should be the first sign of continuation for solana.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.