Solana refused from the most important “flexion point”, but a multi -year trend suggests new highs

Solana (Sol) has recalled decisive values ​​in the middle of his price rally and has recorded the highest range for months. However, since the recovery of the market takes a break, the cryptocurrency has reached a key level that could drive or delay its increase to new highs.

Solana Rallye looks like the key barrier

The Solana price has increased significantly in the past few weeks, recovered from April in April and broke out of the downward trend. After his January all-time High (ATH), Sol achieved up to 63%and achieved a 14-month low of $ 95 last month.

However, Solana climbed over a few decisive areas during the recovery of the late April market and voted for the first time in two months the resistance of $ 140 as support. Since then, the cryptocurrency has recorded almost 30% on the $ 180 mark and last week a three-month high of $ 183 before returning to the support of $ 170.

Crypto Trader Mercury found that Solana achieved a “very HTF infection point”, which could send the price of cryptocurrency to new ATHs again if they are recaptured. However, the rally of Sol designed the waste of the market, with the price on the weekend to drop to the range of $ 165 to $ 170.

According to his recent performance, the dealer added that Sol was rejected from the most important turning point “just enough” to enable a new test of the same trend that brought us here at all.

For this reason, he believes that the re -preparation of the 180 US dollar brand and the later outbursts of News ATHs on the horizon is:

In the meantime, the analyst Cas Abbé pointed out that the multi -year trend of Solana remains intact despite the recent setbacks. As he explained, the cryptocurrency is over 50% again compared to the multi -year promotion of Trendline and apparently marks the soil for Solana.

The analyst believes that Sol January ATH could not be the top, and another record rally could come this year. Similarly, Trader Coinvo emphasized the rising trend line: “If this trend line continues, it is much higher!”

Sol eyes $ 200 breakout

At the weekend, analyst Rekt Capital claimed that Solana collapsed in the monthly time frame according to half, which has successfully tested the range of $ 120 to $ 135 in recent months.

This most important time frame has caused cryptocurrency to rethink the range of $ 165 to $ 175. However, he explained that Solana had to break across the upper border to confirm an outbreak and continue to rise, which it hadn’t done in the past week.

Sol must also break and test the upper border as a new support with a weekly closure over this brand to leave the key area. In addition, the analyst pointed out that earlier performance indicates that a price outbreak could occur.

According to its price campaign in 2024, if Solana builds up a basis for the resistance of the area, there is a high chance of the price for the rally. The analyst added that a successful outbreak from this zone could send the SOL price to the 200 to 210 US dollar.

“Sol simply needs stability here in the area of ​​high resistance, as this would telegraph that this is an area that is supported,” Rekt Capital concluded.

At the moment Solana is $ 165, which is 3.1%of a decline in the day.