Solana Cryptocurrency (SOL) is trading at the moment in an uptrend direction at the area of $ 43.211

Solana Cryptocurrency (SOL) has been doing great performance since last month and has doubled its price from the point of $ 20.928 in Oct 2023

We will never forget its highest historical price of $ 259.00 in September 2021 till it reached the low price of $ 8.00 in December 2022.

In fact, Solana Cryptocurrency (SOL) is facing now a very critical point (at the area of $ 48.850) that we hope to break through it with good trading volume in order to fly & hit the other point (at the area of $ 87.950)

Otherwise, as we know each uptrend is followed by a downtrend & vice versa.

We hope to confirm a higher strong support area over $ 45.00 in order to prepare for another relevant price range.

Advice for beginners is to keep yourself on the right side until you trade with a clear uptrend direction matching the daily volume.

So let’s update the support & resistance areas that we will mention below & never hesitate to place a stop loss, as breaking these areas leads to other down areas

As Shown

The Chart Below

Support & Resistance:

Support: $ 37.840 (weak) - $ 33.900 - $ 28.500

Resistance: $ 47.380 - $ 59.320

Finally, remember to Trade wisely as we advise buyers & traders to follow the nearest support areas,  

Important:

The result depends on our personal Vision which could be right or wrong

 We analyze the past to predict the future.