According to the analysis, Solana’s 0.382 Fibonacci level, around $192, has provided strong support so far. Following the reaction from this level, the price managed to climb above the $204 and $223 ranges.
In the short term, the support cluster around $223 is critical. MakroVision cautioned that if this level cannot be held, there is a risk of a pullback to $204 or lower.
Related News: The 15 Altcoins That Crypto Developers Focused On Most in the Last Week Have Been Revealed
Meanwhile, it was stated that Solana needs to hold above $223 for the upward movement to continue. In this case, the price could rise to the resistance zone between $246 and $264, and if this level is broken, the market could regain momentum toward the all-time high (ATH).
As a result, analysts at MakroVision noted that Solana is gaining strength after the correction but remains in a critical area. The analysis warned that “if the bulls cannot sustain above $223, the probability of the price pulling back lower increases.”
*This is not investment advice.
Continue Reading: Is a Explosive Rally Expected in Solana (SOL)? Analysis Firm Lists the Conditions
Go to Source
Author: NixCoin
Key Highlights The tokenized real-world assets market reached $44.7 billion as of August 26, 2026,…
Key Highlights Chainalysis estimates at least $457 billion in potentially taxable on-chain crypto activity occurred…
Key Highlights Nigeria’s Federal High Court in Abuja granted Usie Otukpa Osang ₦500 million bail…
Key Highlights Saitama CEO Manpreet Kohli lost his latest UK challenge against extradition to the…
Key Highlights Coinbase CPO Faryar Shirzad pushed back against the American Bankers Association’s concerns over…
Key Highlights IREN shares rose 5.73% to $42.09 ahead of the company’s August 27 earnings…
This website uses cookies.
Read More