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Home»EXCHANGE NEWS»Solana Price Eyes $ 150 Breakout As Rollish Momentum is more than $ 136.
EXCHANGE NEWS

Solana Price Eyes $ 150 Breakout As Rollish Momentum is more than $ 136.

By Crypto FlexsApril 23, 20253 Mins Read
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Solana Price Eyes $ 150 Breakout As Rollish Momentum is more than $ 136.
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Solana, the sixth largest cryptocurrency for Bitcoin, is traded at $ 138, maintaining a crown of more than $ 87,000. In the last seven days, Solana has a market cap of $ 7.1 billion.

Currently, it is informed of the potential trend reversal, but surpassing $ 140 is faced with the opposite. Will the optimistic struggle lead to a $ 150 brake out rally? Or is it inevitable for re -examination of $ 131? Let’s find out.

Solana price analysis

On the daily chart Solana price analysis The strength of the fallen wedge pattern develops. Along with the wedge brake out rally, Solana heads for $ 140. This has surged nearly 30%over the last two weeks.

Solar or price chart
Solar or price chart

Based on the level of fibonacci, the recovery of the brake out rally returned to $ 131, returning 23.60%. In addition, recovery execution extends positive tendencies on the MACD and signal lines.

This is likely to have an extended gold run. The Solana price is also $ 136, exceeding the red line of the supertrend indicator. This indicates the beginning of a new positive trend according to technical indicators.

Bulls will not reach $ 150’s psychological level because 23.60% Fibonacci level brake out is struggling to surpass $ 140. This powerful resistance level matches 38.20% Fibonaki.

Nevertheless, after repayment of 23.60%, Solana will witness a recovery rally for a long time. Optimistic, the $ 150 deer will return to 61.80% Fibonacci and reach $ 185 nearby.

On the contrary, the 23.60% Fibonacc level failure will be $ 120.

The active address jumps through the Solana network.

As Solana prepares for an extension rally, Active address We see a significant surge in the network. In April, the number of active addresses in the network increased from 2.97 million at the lowest level on the 30th to 4 million.

Solana Price Eyes $ 150 Breakout As Rollish Momentum is more than $ 136.Solana Price Eyes $ 150 Breakout As Rollish Momentum is more than $ 136.

This increases the likelihood of increasing demand for Solana due to significant surge in activities.

Will Bulls dominate solana derivatives?

at DerivativeSOLANA has reached $ 53 billion in a 1.66%public interest and surge. This shows a positive increase in merchants’ interests as Solana recovers.

In addition, negative funding rate has gradually decreased, reaching -0.0051%in the last 24 hours. Among the opportunities for positive recovery Long position Solana derivatives exceeded 50% barrier.

This increases the possibility of a new bull run by pushing for a long and short ratio of more than one threshold.

Vishal saidVishal said

It was written by VISHAL DIXIT

VISHAL is an encryption journalist who strongly grasps blockchain, macroeconomic and hot chain data. His curiosity about financial markets and emerging technologies is insightful and passionate for creating data support content. He believes he is ahead by sharing continuous learning and practical perspectives.

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