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
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.