Solana (SOL) rallied 30% and almost touched the all-time high levels of $216 after breaking out above a pennant formation. SOL missed the ATH price by just $1, according to Binance.
Key Support level: $192, $177
Key Resistance level: $216
The mentioned above pennant is marked blue on the following chart. The current all-time high of $216 will continue to act as SOL’s next major resistance area. Since then, SOL has found support on the $192 level. If the price decides to correct further, then the next support level is located at $177. Considering the massive momentum of the recent rally, a consolidation is reasonable.
Technical Indicators
Trading Volume: Volume exploded as Solana broke above the blue pennant, leading to a rapid rally towards the all-time high resistance. Since then, the volume has decreased, supporting the idea of a consolidation period before the next move.
RSI: The RSI entered the overbought territory (>70) during the peak of the recent rally on the 4-hour tim
We współpracy z: https://cryptopotato.com/solana-price-analysis-sol-failed-to-break-ath-will-critical-support-level-hold/
