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Solana Eyes Fresh Rally After Breaking Downtrend, Says MakroVision

In their recent analysis, the company points out that Solana has breached its resistance at around $159, promptly climbing up to $188. However, it subsequently entered a period of stable movement, which experts consider as a typical pause after an upward trend and indicates ongoing bullish momentum.

MacroVision observed that SOL (Solana) has built a robust technical foundation, evident in the creation of successive higher lows and higher highs – a crucial sign suggesting an upward trend movement.

Key Support and Resistance Levels

Analysts outlined several important levels to watch in the near term:

  • $159: Immediate support level where past buying interest has emerged.
  • $153: Aligned with the 0.382 Fibonacci retracement zone, crucial for short-term trend strength.
  • $142: A key level that must hold to preserve the broader bullish outlook.

Break Above $188 Could Trigger Next Leg Higher

If Solana manages to withstand and rise above $188, MacroVision anticipates possible future milestones at $204 and $223, indicating continuation of its upward trajectory. For now, they consider the short-term trend optimistic as long as the price stays above $153.

From my perspective as a crypto investor, it seems Solana is in a positive consolidation period, hinting at another possible surge ahead. MacroVision’s analysis indicates that this asset maintains its technical strength and continues to be strategically advantageous for further growth, given it successfully holds onto crucial support levels.

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2025-05-26 00:06