The price of Solana experienced fluctuations by reflecting the horizontal movements of the general crypto market. After the recent summit, the left showed significant volatility. Analysts closely monitor key support levels and envisage a potential output towards the $ 420. The market feeling is mixed and the trades continue to wait for the confirmation of the next major movement.
Potential Great Increase
The price of Solana exhibited a model that repeated the previous rally. In the last ascension trend, the left has progressed to 100 %enlargement after 50 %withdrawal. Analysts stated that a similar installation is observed and that early support signs occur in the current backward zone.
If the left maintains this critical level, a potential leap is expected to be 100 %of the fibonacci expansion. This level points to the price target of approximately $ 420. Historical trends show that this size retreats lead to important rally.
Analysts reinforce the expectation of ascension by emphasizing the backward zones in line with previous support levels. Technical indicators point to a potential output and closely monitor the 50 %response of the trader SOL. If the price remains above this level, a long -term rise may be seen.
How does the major solana transfer affect the market?
Whale Alert reported that a transfer of $ 165.25 million in $ 165.25 million between the two wallets that could not be identified on January 31, 2025.
Whale Alert: 694,746 Left (165,250,353 USD) was transferred from an unknown wallet to a new wallet.
This triggered speculation on the market. Crypto movements of this size often indicate potential market changes and encourage traders to monitor for possible price fluctuations of Solana (left).
Weekend $ 260 target
At the time of writing, the left price was $ 235.26 and showed a 2 %decrease in the latest trade session. Token, while $ 260 is at the level of resistance, the support remains around $ 235. Despite the previous rise attempts, the left momentum continues to consolidate by having difficulty in winning.
The relative power index (RSI) is at the level of 42 and indicates that there is no excessive purchase or excessive sale pressure. The moving average convergence of Iraq (MACD) gives a slight rise signal, while the MACD line is 0.67 above the signal line.
If this level goes down, the next critical support is around $ 200. On the contrary, the exceeding $ 260 can prepare the ground for a leap in line with the $ 300 target. The left is at a critical point at significant resistance and support levels and will move according to the exceeding or retention of these levels.
Traders consider that an output of over $ 260 can trigger an upward rise to the $ 420 target. However, breakage of the support level at any point may increase downward risks.
The solea price continues to be followed depending on the existing technical indicators and large transfer movements.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
