The post Analytics Firm Assesses Solana’s Next Price Targets from its Chart appeared on BitcoinEthereumNews.com.

Cryptocurrency analytics firm MakroVision Research analyzed the price performance of Solana (SOL) in a recent statement. After an impressive rally, Solana is currently consolidating sideways and stabilizing above the key support at $246. According to the analyst firm, the resistance levels in Solana are as follows: $270: The upper boundary of the ascending triangle and the liquidity zone. Breaking above this level could be a strong bullish signal. $295: Current all-time high that represents the next target in case of a breakout. According to analysts, Solana’s support levels are as follows: $246: A key support reinforced by a green trendline. $232: 0.5 Fibonacci retracement level that provides additional support in case of a possible correction. $217: The 0.618 Fibonacci retracement level, which is another key sign in case of a deeper pullback. Solana chart analysis shared by MakroVision. Analysts at MakroVision Research expect Solana to be on the verge of a decisive move. A breakout above $270 could spark strong momentum and push the price to all-time highs of $295 and beyond. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/analytics-firm-assesses-solanas-next-price-targets-from-its-chart/

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Filed under: News - @ January 26, 2025 10:20 am