Solana cryptocurrency can be expected to rise further toward the next resistance level 140.00.
– Solana reversed from support zone
– Likely to rise to resistance level 140.00
Solana cryptocurrency recently reversed up sharply from the support zone surrounding the multi-month support level 126.45 (which reversed the price from the middle of April, as can be seen from the daily USDCHF chart below) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer which stopped the previous short-term ABC correction 2 from the end of August.
Given the strength of the support zone surrounding the support level 126.45 and the resumption of the bullish sentiment that can be seen across the cryptocurrency markets today, Solana cryptocurrency can be expected to rise further toward the next resistance level 140.00 (former strong support from the middle of August).
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