Given the powerful daily uptrend, Solana cryptocurrency can be expected to rise to the next resistance level 115.00.
- Solana broke key resistance level 110.00
- Likely to rise to resistance level 115.00
Solana cryptocurrency has been rising sharply in the last few trading sessions – breaking through the key resistance level 110.00 (which stopped the previous sharp upward impulse wave (5) at the end of August) and the resistance trendline of the daily Triangle from last month , as can be seen from the daily Solana chart below). The breakout of these resistance levels accelerated the active minor impulse wave 1 – which started earlier from the strong pivotal support level 96.50 (former monthly high from May, acting as the support after it was broken at the end of August).
Given the powerful daily uptrend and the widespread bullish sentiment that can be seen across the crypto markets today, Solana cryptocurrency can be expected to rise to the next resistance level 115.00.
The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.