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Solana
Long

Solana

By Sahrin
  • The dominant trend appears bullish, as the price consistently trends above the moving average and remains near or above the upper Bollinger Band.
  • Support: Around $230–$240 (middle Bollinger Band and prior consolidation zone).
  • Resistance: The recent high near $265.
  • Bollinger Bands: Price retraction towards the middle band could signal cooling-off before resuming the uptrend.
  • Volume: Watch for rising volume on breakouts above $265 or breakdowns below $230 for confirmation.
  • Bullish Continuation: If price consolidates and stays above $240, it could aim for new highs beyond $265.
  • Bearish Pullback: A breakdown below $230 may test lower supports around $200 or the lower Bollinger Band.
Technical IndicatorsTrend Analysis
Sahrin
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