Solana Monthly Candle regains key levels – is $ 240 the next target?

Published on:

A reason for trust

A strict editorial policy that focuses on accuracy, meaning and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reports and publication

A strict editorial policy that focuses on accuracy, meaning and impartiality

The price of a lion football and players are cushioned. Each arcu is to ultra -up all children or hatred for football Ullamcorper.

This article is also available in Spanish.

Solana maintained strongly above 145 USD, maintaining a stubborn structure despite the recent market variability. However, the bulls did not go far above the resistance zone of USD 155, a key level that can open the door to a wider rally. While the current price campaign favors buyers, the lack of a break above suggests that Recreac may be on the table if the shoot is still disappearing.

The best analyst Jelle shared his observations about X, noting that the monthly salted candle “does not look too shabby. According to Jelle, Sol took out all consolidation falls and he still managed to close the candle above these levels – a positive technical signal suggesting immunity and potential continuation.

Despite this, traders remain careful, and many observe an area of ​​USD 155–160 as another great obstacle. Confirmed breaking above that the zone can signal traffic towards previous ups, while constant rejection can cause a fit correction at lower levels of demand. Because global markets still deal with macroeconomic uncertainty, the next few sessions will be crucial for SOL. Bulls must act quickly to defend their current levels and regain a higher level if they want to keep the trend in their favor.

Solana at a key level among market uncertainty

Solana is currently trading at a critical level, which could serve as the main turn point for a robust stubborn recovery or continuation of a wider bear. While global tensions and ongoing trade conflicts between the USA and China still burden the mood of investors, recent market behavior indicates a potential reflection. The wider cryptographic market showed signs of immunity, and Solana was one of the outstanding contractors.

From the beginning of April, Solana has increased by over 58%, which is significantly recovered from the local lowest level of USD 95. This upward movement helped change tiny -term moods, but the price is now directed to a key test at the level of resistance of USD 160. Pure break and holding over this zone can open the door to a larger rally, potentially taking Sol towards previous ups.

Hopeful Jelle analysis The most critical information is that the latest monthly salty candle shows strength. According to Jelle, Sol took out all consolidation falls and he still managed to close a month above them – a typically stubborn sign. This is a scene for a possible re -level of USD 240, which is in line with historical resistance and previous price actions.

Monthly Solana candle showing strength Source: Jelle on X
Monthly Solana candle showing strength Source: Jelle on X

However, the lack of cleaning 160 USD may lead to re -sales pressure, especially if the global macro conditions have deteriorated. For now, bulls must defend current levels and strive for a breakthrough to keep the rush.

Key test with a resistance of 160 USD

Solana (SOL) currently trads USD 147 after a few days of fighting to exceed the highest level of USD 157. Bulls have retained in a tiny period, but the momentum seems to be fading, because the price action still stops below the key resistance zone of USD 160. This level remains a key barrier that should definitely be recovered to confirm the continuation of growth.

Testing Sol Critical Resistance below 155 USD | Source: Solusdt chart on TradingView
Testing Sol Critical Resistance below 155 USD | Source: Solusdt chart on TradingView

To maintain a stubborn structure and avoid deeper withdrawal, SOL must push USD 160 and direct to USD 180. Successful traffic above this range would not only restore confidence, but can also prepare the ground for a stronger recovery on the wider Altcoin market.

However, the longer the solar does not break up, the greater the risk of withdrawal. If the bulls lose their momentum and combination of sales pressure, correction in the USD 130-120 zone is becoming more likely. This area previously served as a key demand zone and can offer support if it is tested again.

For now, all eyes have the ability to recover $ 160. The next few sessions will be of key importance when determining whether Solana resumes her trajectory up, or will enter the consolidation and correction phase.

Recommended photo from Dall-E, Tradingview chart

Related

Leave a Reply

Please enter your comment!
Please enter your name here