Newsbtc
2 weeks ago
Solana Reclaims Key Support After Sweeping Lows – Early Signs Of Reversal? 📈
Solana (SOL) has quietly consolidated below key resistance levels, sparking interest among analysts who are predicting a potential reversal. After sweeping lows, SOL shows classic bottoming patterns, indicating a possible sharp rally if it breaks above the $160–$165 range.
Analyst Bluntz highlights SOL's promising reaction, suggesting it could become a major player in the next altseason, especially if Ethereum breaks out of resistance. The $180 zone remains critical for momentum. Market dynamics, including US-China tensions, have impacted SOL's recent performance.
Despite current pressures, analysts remain optimistic about Solana’s medium-term outlook, emphasizing its strong developer ecosystem and DeFi sector, which could drive future growth.
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