Summary
- "Solana (SOL) said it is currently testing the key support zone of 138 dollars~118 dollars."
- "It said that if buying pressure flows into this zone, a new upward cycle could begin."
- "On the other hand, it analyzed that if the support line breaks, Solana's price could fall further to 90 dollars~62 dollars."
Solana (SOL) has entered a key support zone amid a downward trend. It is predicted that if buying pressure flows into that zone, a new upward cycle could begin. However, some analyses say that if the support level is breached, additional declines cannot be ruled out.
On the 21st (local time), crypto analysis platform 'More Crypto Online' said in a report, "Solana has reached the first key support level after the correction that has continued since mid-September," and explained, "this support zone is 138 dollars~118 dollars, and Solana's price is currently exactly testing this range."
It added, "If Solana clearly breaks this support level, Solana's price will move to a deeper correction zone of 90 dollars~62 dollars," and "these two zones are the most important supports in the current cycle. However, there is no guarantee that either will necessarily hold."
Doohyun Hwang
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