HomePrice PredictionsSOL AnalysisAre Bulls Targeting the Range Highs for Solana?

Are Bulls Targeting the Range Highs for Solana?

Date:

Solana Technical Analysis: 22 MAR 2025

SOL Technical Analysis

Bulls looking to challenge range highs! Source: TradingView

General View

Solana remains within a well-defined range, consolidating between key support and resistance levels. However, after holding the mid-range point, the price has bounced strongly, signaling buyer interest at these levels. Now, Solana is approaching the mid-mid point. If bulls reclaim this level, another push toward the range high could follow. On the contrary, any rejection here would increase the likelihood of a retest of the range mid-point.

On the Upside

to maintain the momentum, bulls need to find acceptance above $130.90 level. This is the mid-mid-range and acceptance above this would open the short-range between 130 to 137. This has been a major rejection area in recent price action, so a breakout above would signal strength and potentially initiate another leg higher.

On the Downside

If Solana fails to hold the mid-mid point, sellers could push the price lower toward the range mid-point at $125.70. A breakdown below this level would signal short-term weakness, potentially leading to a drop toward the mid-mid point at $120.75. Increased volatility is expected later in today’s session.

SOL Technical Analysis

Bulls are about to strongly challenge the descending trendlines. Source: TradingView

Usman Ali
Usman Ali
A writer and market analyst with expertise in cryptocurrencies. He focuses on delivering clear, insightful, and well-structured content, emphasizing advanced trading strategies and in-depth market analysis. His writing style prioritizes clarity and professionalism, ensuring that complex market trends are easy to understand. He is keen on keeping his work organized, direct, and valuable for his audience.

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