Potential price reversal and renewed growth

Solana 4-hour chart analysis: Significant support at $169-$177 could indicate a potential price reversal and growth. Target price is $200, marking key resistance.

7/31/20241 min read

Solana 4-hour chart showing significant support levels between $169 and $177, with a potential price
Solana 4-hour chart showing significant support levels between $169 and $177, with a potential price

On a 4-hour chart Solana has reached significant levels that could indicate potential price reversal and renewed growth.

Possible Reversal Zones:
One of the critical reversal zones for Solana is in the range of $169 to $177. This area acts as a strong support level and can potentially cause a price reversal. A price encounter with these levels is likely to lead to a renewed pump and a move towards 200.

Price Target:
In the event of a reversal and renewed price growth, the price target for this analysis is $200. This level acts as an important resistance, and reaching it would indicate a significant price increase for Solana.