Main takeout:
In the Solana price rally, the historical chart pattern and the Fibonacci Retression Metric hint is $ 300.
Solana’s gifts and negative funds can be a signal that strong short pressure is being produced.
SOLANA (SOL) Price tested a $ 180 resistance level on May 11, but it seems that it will not be integrated under this major threshold, so it cannot be established. However, Altcoin maintained a positive signal by closing the 50 -week index moving average (EMA) for three consecutive weeks. This important level has been a catalyst for a significant price rally.
In the late 2023, SOL began to increase this level before the surge of 515% by March 2024 after breaking through 50 and 100 weeks EMAS. The relative strength index or RSI of the weekly chart is currently 52.60, indicating that the purchase pressure increases.
This setting reflects the past patterns that SOL broke over 50 EMA and rose significantly. As the current technology is sorted, SOL is expected to test the level of $ 300 again by major psychological and historical resistance by the late 2025.
The use of trend -based FIBONACCI (FIB) expansion can be more attractive for the potential increase in the sole. The FIB expansion, which has recently taken from the latest swing to $ 295 in the last $ 95, briefly explains an immediate goal of about $ 300 or 70%.
If SOL Price enters the price, it suggests that the strength of the strong exercise can be 1.618, and the SOL can reach $ 418. But if you don’t have a 50 -week EMA, you can resume the low support near $ 157.
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Solana Traders discusses the next brake out catalyst in SOL
Solana continues to deal 40% lower than its all -time high, but the Sol Future market activity is still strong. According to Coinglass, Solana Future Open Interest (OI) has reached $ 7.5 billion. The rising OI level generally increases the speculative interests that have strengthened the signal and suggests a position for a significant price volatility for traders.
The rate of financing of the exchange has also been changed to negative, and SOL represents a slope towards a short position when it is difficult to resist the Key $ 180 resistance. This often reflects the weakness, but opens the door of potential short pressure.
Encryption futures analyst Byzantine General (Byzantine General) suggests that SOL Price, which is characterized by an increase in OI, increased aggregation, and relatively muted cross -exchange funds, can stabilize the SOL Price, which is characterized by this setting, and promotes rapidly rising movement with the possibility of escaping at $ 300 when the momentum is established. I pointed out that I can.
But I need attention. Carl Moon, a prominent merchant, marked potential double patterns on a four -hour chart. When the pattern comes out, the merchant warns that the SOL can visit $ 157 to $ 152 in the short term.
The $ 180 level remains an important inflection point. The above decisive movement can check the optimistic series, while rejection can lead to a healthy correction in the range of $ 150- $ 160.
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This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.