The post Solana Eyes Fresh Rally After Breaking Downtrend, Says MakroVision appeared on BitcoinEthereumNews.com.

Altcoins Crypto analysis firm MakroVision believes Solana (SOL) is holding strong and may be on the verge of another upward surge, following a decisive break from its long-term downtrend. In its latest technical review, the firm highlights that Solana recently broke resistance at $159, then quickly surged to $188 before entering a healthy consolidation phase. This sideways movement, according to analysts, is a normal pause following the rally and reflects continued bullish strength. MakroVision noted that SOL has established a strong technical structure, with the formation of higher lows and higher highs — a key indicator of an uptrend. Key Support and Resistance Levels Analysts outlined several important levels to watch in the near term: $159: Immediate support level where past buying interest has emerged. $153: Aligned with the 0.382 Fibonacci retracement zone, crucial for short-term trend strength. $142: A key level that must hold to preserve the broader bullish outlook. Break Above $188 Could Trigger Next Leg Higher Should Solana break and hold above $188, MakroVision forecasts potential targets at $204 and $223, marking the next phases of upside momentum. Until then, the firm sees the short-term trend as positive as long as price action remains above $153. In conclusion, Solana appears to be in a constructive consolidation phase, setting the stage for another potential breakout. MakroVision’s analysis suggests that the asset remains technically sound and well-positioned for continued gains, provided it defends key support zones. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news…

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Filed under: News - @ May 25, 2025 6:33 pm