Solana‘s price after breaking through a notable descending wedge spike notably by more than 45% and appears to continue with the same trend. Currently, the SOL price is consolidating above $120 firmly displaying possibilities of smashing $130 any time from now. However, if the price seals the day’s close above $130 then a clear path towards $135 may become clear. Yet the possibility of the price experiencing a minor pullback may not be completely nullified.
The SOL price is swinging within a decent uptrend parallel channel and amid the recent slash visited the lower support at around $117 for some time. And hence these levels are now considered as newly formed support levels or entry levels for the traders to open their bids. And hence a popular analyst believes SOL price may again slide below $120 to range between $115 to $117 where-in the traders can place their bets.
To be Updated Soon!