CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-02-11 14:56:11

SOLANA PRICE ANALYSIS & PREDICTION (February 11) – Is Sol may Rally to a New High If This Bullish Pattern Repeats?

Losing momentum three weeks ago, Sol revisited a critical support level but later bounced back. It is now gearing up for another rally following a notable recovery over the past few days. During the last leg down, Sol found a solid ground and stayed firmly above the $175 level, which has been acting as a key support for almost three months now. A sharp bounce off this support brought a little recovery and the asset is now trading slightly above $200. However, volume inflow currently appears low on the daily scale. But a significant increase in the inflow should set the price up for a bigger gain in the future. As of now, the asset seems to be gathering momentum. Technically, Sol is forming a bullish pattern on the daily chart. From the look of things, it is much more likely to follow the previous pattern that sent the price to $295 last month. If the bulls show strong commitment, we can anticipate such a pattern to repeat to a new high. Currently, the bears are off the market. If they step back in the market as a result of supply, the price may slip back to the mentioned support. A break below this support may lead to a serious loss before locating a new support level. But looking at the current bullish pattern, Sol is expected to see more recoveries in the near term. SOL’s Key Level To Watch Source: Tradingview The resistance levels to watch on the way up are $223 and $244.7. A push above these levels could propel buying to $272 before retaking the recently marked $295 high. If Sol loses the important $200 level again, it may roll back to $187.5 and the crucial $175.9 support. A break below it could cause a major loss to $165 in the future. Key Resistance Levels: $223, $244.7, $272 Key Support Levels: $187.5, $175.9, $165 Spot Price: $202 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or NFTs. Follow us on Twitter @nulltxnews to stay updated with the latest Metaverse news! Image Source: kviztln/ 123RF

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine