What Will Happen Next for Solana (SOL) Price? Analyst Firm Explains: "Below This Level Is Bearish, Above This Level Is Bullish!"

As the volatility in Bitcoin and altcoins continues, cryptocurrency analysis firm MakroVision has published its latest analysis for ￰0￱ that the direction of Solana is still unclear, MakroVision said that the search for direction for the Solana (SOL) price ￰1￱ noted that the SOL price is fixed at the 0.5 Fibonacci level and that SOL is currently moving within a triangle ￰2￱ on this model, analysts said Solana will soon move in one direction, but that direction is still ￰3￱ pointed to $177 as the short-term bottom and should be ￰4￱ added that a break below this level could take the price to $159. Analysts, however, emphasized the importance of $204 in the long term, saying that Solana's positive momentum would only resume if the price breaks above $204.

In this case, SOL could rally back to $223, where the next major resistance level ￰5￱ recently noted that Solana is consolidating in a neutral structure after the sharp correction. A clear breakout of Solana from the current triangle is likely to determine the next ￰6￱ a result, a rally above $204 will trigger a bearish downtrend below $188.” *This is not investment ￰7￱ Reading: What Will Happen Next for Solana (SOL) Price? Analyst Firm Explains: "Below This Level Is Bearish, Above This Level Is Bullish!"