đš Must Read for All $SOL Holders! đš
đź Solana (SOL/USDT) Price Prediction & Market Outlook
Solana might be standing at a major turning point â hereâs what every crypto learner should know đ
đ Technical Overview:
On the daily chart, $SOL has already completed a five-wave rally followed by a five-wave correction. The price is now hovering around a strong support zone of $163â165, which has previously acted as a reliable base â making it a key level to watch.
RSI: Currently near 32, suggesting the market is oversold. Sellers are losing strength, and a buyer rebound could be near.
MACD: Flattening below zero â indicating bearish momentum is weakening.
Volume: Declining trading volume signals that the correction phase might be reaching its end.
If $SOL holds above $163 and manages to close a few daily candles over $170â175, it could kick off a fresh bullish wave with upside targets around $181, $191, and $217.
However, a break below $160 could extend the downtrend toward $150, so proper risk management is crucial.
đ° Fundamental Insight:
Solana remains one of the strongest Layer-1 blockchains â known for fast transactions, low fees, and a rapidly expanding ecosystem.
Despite recent market corrections, Solanaâs DeFi and NFT activity continue to stay among the top-performing blockchains, showing the networkâs solid fundamentals and long-term potential.
đ Key Levels:
Support: $163â165
Resistance: $181 â $191 â $217
Below $160: Downtrend may continue
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