Cryptocurrency analytics firm MakroVision has released its latest assessment of Solana (SOL) price movements.
Experts note that the previously identified corrective bullish structure has materialized, leading to another decline in an impulsive wave (c). While a recovery is already underway, key resistance levels need to be broken for a sustained rise.
According to MakroVision, the overall downtrend remains corrective in the (A)-(B)-(C) structure, suggesting that a short-term bottom may be forming. However, it remains crucial to determine whether a strong bullish impulse will follow or if the recovery is merely corrective.
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Analysts cited the following areas as key resistance and support levels:
*This is not investment advice.
Continue Reading: Where are the Critical Resistance and Support Levels in Solana Price: Experts Share Technical Analysis
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Author: NixCoin
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