Solana (SOL) has been trading within a tight range over the past three days, showing minor fluctuations while maintaining key support levels. As market conditions stabilize, traders are closely watching for a potential breakout or deeper correction in the coming days.
Solana’s recent price action suggests a period of consolidation, setting the stage for a significant move. Here’s what to expect:
If SOL fails to hold $127.50 as support, increased selling pressure could drive the price down to $125.00 or even $122.00. A drop below $120.00 would indicate a stronger bearish trend.
If SOL maintains support above $127.50 and breaks past resistance at $131.77, it could climb toward $135.00-$138.00. A sustained breakout above $140.00 would confirm bullish momentum.
Solana remains in a consolidation phase, and traders should closely monitor volume and market sentiment for signs of its next major price move.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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