Solana has expanded a drop in prices below USD 200, but technical analysis shows that this he still trades in stubborn configuration. At the time of writing, Solana trades close to the level of support, which can determine his next sedate movement.

This is due to the fact that technical analysis shows that Solana is currently trading in a parallel channel, which can augment prices to novel ups, but maintaining above the level of support $ 190 is crucial for this perspective.

The parallel Solana channel supports stubborn expectations

The price of salted in the last seven days has been emphasized by significant resistance of USD 205. In particular, the rallies of Solanów have faced the rejection at this price about three times in the last seven days. This rejection is particularly noteworthy, considering that salted recently has reached a novel level of all time USD 293 in the last 30-day time frames. The harsh contrast between this highest and latest fight in the amount of USD 205 shows that the intense variability that Solana has experienced in recent weeks.

Despite these fluctuations, technical indicators suggest that Solana remains in a well -defined parallel channel, which has been managing its price movements since July 2024. This structural price channel consists of sequences of higher levels and higher low levels. Although there have been a withdrawal from time to time, a wider trend suggests that buyers still have control and prevent sedate failures to maintain the stubborn sooty structure intact.

The presence of this parallel channel has been emphasized in Last technical analysis Ali Martinez, a well -known cryptographic analyst. Martinez emphasized that as long as Solana maintains her position in this formation, it is still possible to recover to USD 225, with further extension of $ 260.

These price forecasts come from Fibonacci extending levels, in particular 0.786 and 1.0 fibonacci levels, expected from the low level of Solana 2023 of USD 125. However, for this stubborn to be valid, the analyst warned that Solana must have over $ 190. Lack of maintenance of this level of support may annul the rush up and cause inheritance.

Picture ZX: Ali_charts

Why $ 190 is a critical level for Solana

Despite the stubborn trajectory Maintenance of the rush up. This is due to the fact that $ 190 is located around a lower line of the parallel channel trend.

Solana has tested this price level $ 190 Many times from the beginning of the month, even cracking below, when he reached USD 184 on February 3. Although he has been recovered since then, because the buyers were energetic in defense of the price, the further proximity of $ 190 indicates risk of deeper correction If bears manage to overpower the stubborn defense.

At the time of writing, Solana trades after $ 193, which is about 1.47% in the last 24 hours.

A distinguished picture from the medium, chart from TradingView