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  • binance-staked-solBinance Staked SOL (BNSOL) $ 218.03
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What to Expect Next for Solana Price? Analytics Company Claims “Bullish Divergence”, Shares Key Levels

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What to Expect Next for Solana Price? Analytics Company Claims “Bullish Divergence”, Shares Key Levels

Cryptocurrency research firm MakroVision noted a potential shift in Solana’s price dynamics in its latest analysis, suggesting early signs of stabilization above $170.

The analysis points to a bullish divergence detected by the MVP indicator, which is the first signal that the downward pressure is easing.

MakroVision has identified the $159-$170 area as a strong support level that could form the basis for a potential recovery. While initial signs of stabilization are evident, a reversal in trend would depend on Solana breaking out of key resistance levels.

Key Resistance Levels by Analysis Firm:

  • $188 and the green trend line: A break above this level could trigger a stronger recovery.
  • $204 and red trendlines: This resistance cluster, marked by recent highs, is seen as crucial. A break above $204 would signal a clear uptrend.

According to the analytics firm, Solana’s current price action is pointing to a possible reversal, supported by a bullish divergence in the MVP indicator. However, a breakout of the $188 and $204 resistance levels will be essential for the upward momentum to gain traction.

What to Expect Next for Solana Price? Analytics Company Claims “Bullish Divergence”, Shares Key Levels

Solana technical analysis chart published by MakroVision.

*This is not investment advice.

Source

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