‘Solana Breakdown Fails’ – Holding $205 Is Crucial To Trigger a Push Higher
Solana experienced extreme fluctuations on Sunday and Monday because the market responded to the US trade war. The uncertainty stood out the entire cryptocurrency space, and SOL decreased by 25 % from the high point of Saturday. However, it is reported that President Trump is negotiating with Mexico and Canada to increase tariffs, which has caused the market to quickly resume after the market recovers.
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Since then, Solana has raised nearly 25 % of the bouncing from its lowest point, and the key level of recovery indicates that the Bulls restore control. Top analyst Jelle shared a technical analysis on X, indicating that this may be SOL’s failure. If the price exceeds the key demand area, it is expected to move towards a new high.
Due to extreme volatility, Solana traders are still cautious, but the structure is still expected to continue to use. In the next few days, confirm whether SOL can maintain its recovery And stand out. The confirmed holding of more than 205 US dollars will strengthen the further upward space of the case, and losing this level may cause another leg to reduce. The battle between the bull and the bear is still continuing, but at present, Soran’s toughness has proved that it is strong.
Sorana keeps strong in market fluctuations
In recent years, Solana has experienced one of the most aggressive daily price changes, which has caused market shock waves. After reaching the highest level of history in late January, SOL decreased by more than 40 % in less than two weeks. This rapid decline has triggered the fear of investors, and many people expect further losses in the next few weeks. The uncertainty around macroeconomic factors (including the tension of the US trade war) only exacerbates this emotion.
However, not all analysts believe that the worst is. Top analyst Jelle Analysis on XIt reveals that the price action of Solana is similar to the collapse of failure, rather than the real changes in trend. Jelle pointed out that if SOL prices in the next few days are higher than $ 205, the market will push to a high point again. It turns out that this level is a key support area, and the powerful defense of the bull may indicate the upward trend.
Since 2023, Solana has been one of the best assets, and its ability to recover from the deep -regulating recovery has consolidated its position as a market leader. The ecosystem of the blockchain is continuously expanded, and its high -speed and low -cost transactions have made it a attractive choice for developers and investors.
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In addition, coins and NFT projects based on Solana have promoted strong demand, which helps its price action is better than most Altcoins. If SOL retracts the level of $ 220 and merges above it, it will be on the table towards the high -end legs ever. However, a break below 205 US dollars may indicate a deeper merger, and can even correct the support area of $ 180.
Price action details: the key needs of holding
Solana (SOL) has a transaction price of $ 208 after the average of about $ 221 in 4 hours. This level is a key resistance that prevent SOL from restinging the driving force for bullishness in the short term. If the Bulls want to re -control, they must increase the price above and insist on supporting the support of the trend reversal.
At present, SOL is still in a close range, of which $ 200 is an essential demand area. If this level is reached, the potential recovery rate may restore the price to a $ 221 resistance, and the breakthrough will indicate a higher level. However, if SOL strives to maintain $ 200 as a support, the sales pressure may increase, which will lead to a decline in the level of $ 190.
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The market sentiment is still chaotic, and investors pay close attention to the key level to determine the next step. A wider market trend and the performance of Bitcoin will also play a key role in SOL’s short -term directions. The strong rebound starting from $ 200 will bring confidence to the Bulls, and the collapse may be further explained. For Solana, the next day is about to be crucial because it wants to fight to regain the lost ground and avoid deeper correction.
Featured images from Dall-E, chart of tradingView
