Analysis of Solana (SOL) – 30/01

■ Current Situation:

The price is facing significant selling pressure, with a clear downward trend pushing the price lower.

Currently, the price is moving above the support range at 111.

If the price manages to hold above it, it will attempt to test the current resistance area at 122 – 126.

In case of breaking through and holding above it, the price may continue to rise towards the next resistance at 131 – 136.

However, if the current support at 111 is broken, it is likely that the decline will continue towards the next support at 100 – 96.

■ Technical Levels:

Resistance:

Current resistance: 122 – 126 (+10% approximately)

Next resistance: 131 – 136 (+18% approximately)

Support:

First support: 111 (−1% approximately)

Next support: 100 – 96 (−10% to −13%)