Solana (SOL) is currently trading at the expanding channel support level of $163.69, a critical demand zone that presents a strategic entry point for long positions. A successful rebound from this level could drive the price toward the initial resistance at $206.38.
If SOL manages to break above and sustain momentum beyond this minor resistance, it could confirm a bullish continuation, targeting the expanding channel resistance. A breakout at this level would pave the way for a potential rally towards a new all-time high at $327.32.
However, if SOL fails to hold the expanding channel support and experiences a breakdown, selling pressure may intensify, pushing the price toward the major support level at $124.29. This level could serve as a crucial re-entry point for buyback opportunities.
Fundamental analysis :
On March 1, 2025, approximately 11.2 million SOL tokens—equivalent to 2.29% of the total supply—are scheduled to be unlocked. This event could introduce significant downward pressure on SOL's price, potentially triggering a bearish movement as market participants anticipate increased sell-side liquidity.
If SOL manages to break above and sustain momentum beyond this minor resistance, it could confirm a bullish continuation, targeting the expanding channel resistance. A breakout at this level would pave the way for a potential rally towards a new all-time high at $327.32.
However, if SOL fails to hold the expanding channel support and experiences a breakdown, selling pressure may intensify, pushing the price toward the major support level at $124.29. This level could serve as a crucial re-entry point for buyback opportunities.
Fundamental analysis :
On March 1, 2025, approximately 11.2 million SOL tokens—equivalent to 2.29% of the total supply—are scheduled to be unlocked. This event could introduce significant downward pressure on SOL's price, potentially triggering a bearish movement as market participants anticipate increased sell-side liquidity.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.