Overview

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According to analyst MaybachCalls, Solana is currently trading at a critical level near $117, where it’s testing a descending trendline that has capped the price since early Will Solana (SOL) reclaim $150 this week? CoinCodex analysts predict SOL’s price to consolidate at current levels over the next few weeks. The platform does not Despite gaining momentum, SOL confronted resistance at $149.73, triggering a decline and charge fluctuations between aid and resistance levels. Traders are Hace 1 día The price is plunging after hitting the 50-day weekly MA just below $170, which raises pushing the Solana (SOL) price towards lower support, probably close to $130. Technical experts project additional upside potential with targets between $170 and $185 if SOL manages to convert the $150 zone from resistance to support. Some

Solana (SOL) Weekly Price Prediction: Can SOL Reclaim $150?

Will Solana (SOL) reclaim $150 this week? Investors are keenly watching SOL's price movements, seeking to understand if a bullish recovery is on the horizon. This week's price prediction analyzes key resistance and support levels, analyst forecasts, and technical indicators to determine the potential for SOL to reach, or even surpass, the $150 mark.

Key Price Levels and Resistance

Recently, SOL confronted resistance at $149.73, triggering a decline and causing price fluctuations between support and resistance levels. Technical experts project additional upside potential with targets between $170 and $185 if SOL manages to convert the $150 zone from resistance to support. This key level is crucial for any potential bullish momentum.

Analyst Predictions and Insights

According to analyst MaybachCalls, Solana is currently trading at a critical level near $117, where it’s testing a descending trendline that has capped the price since early. Breaking through this trendline could signal a significant shift in market sentiment. However, other analysts, like those at CoinCodex, predict SOL’s price to consolidate at current levels over the next few weeks. The platform does not currently foresee a rapid surge to $150.

Technical Analysis and Potential Downside Risks

The price is plunging after hitting the 50-day weekly MA just below $170, which raises concerns about a potential further correction. This is pushing the Solana (SOL) price towards lower support, probably close to $130. Traders are advised to monitor these support levels closely as a breach could lead to further downside.

Conclusion: Solana (SOL) Price Prediction

While some analysts are optimistic about Solana's potential to reach between $170 and $185, overcoming the $150 resistance remains a significant challenge. Technical indicators suggest potential downside risks, with support levels around $130 needing to be defended. This week will be crucial in determining whether Solana can break through the descending trendline and establish a sustainable bullish trend. Keep an eye on key resistance and support levels for actionable trading signals.

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