Analysis: Solana’s Most Important Support Level Is $78.17
Uk Jin
Summary
- Ali Martinez said Solana (SOL)'s near-term direction depends on whether it can hold the $78.17 level.
- He added that if it stays above $78.17, it could rebound to $87, a mid-range resistance zone.
- If that support level breaks, however, it could fall to $58. Solana was trading at $82.18.
Forecast Trend Report by Period
Solana’s near-term direction hinges on whether it can hold the $78.17 level, according to analyst Ali Martinez.
Martinez wrote on X on May 30 that $78.17 is currently one of the most important support levels for Solana.
Holding above that level could allow the token to rebound toward $87, a mid-range resistance zone. A break below support, however, could send it down to $58.
As of 10:39 p.m., Solana was trading at $82.18, up 0.1% from a day earlier, according to CoinMarketCap.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
