Altcoin Solana’s (left) price rapidly approached the critical resistance of $ 180 and attracted the attention of investors. 20 percent in the last week, 52 percent rise in the last month, the left has been able to overcome this barrier before. Analysts associate the short-term rise with the classic ‘Financan-Kulp’ formation, and indicate that if the $ 180 is passed, the target can extend to $ 510. However, the high volatility of the crypto money market requires investors to move cautiously.
Solana price approached the resistance of $ 180 again
In the technical graphics, the left rose to $ 179.62 in the last 24 hours and was very close to the psychological threshold. Analyst Crypto Virtuous, if the formation is completed, the price will make a strong break. According to him, the classic cup-kulp formation will gain momentum with the overcoming of the resistance zone and the left price will be able to test the $ 510 level in the medium term.
This formation usually provides direction determination after long -term consolidation. The bowl for more than three months in Solana is transition to the handle with the increasing purchasing demands of investors. If the daily closing comes on the specified resistance, it may make sense to review the stop-loss levels.
There is intensive increase in corporate investors and transaction volume
During the last month, Solana’s trading volume exceeded $ 1.5 billion and created an environment in which institutional interest is intensified. Large funds such as left strategies and defi giant Corp have purchased more than 395,000 left lefts in total. These developments emphasize the fast trading capacity and low wage advantage of the network and highlight Altcoin as an alternative investment tool.
In addition, the news that Robinhood evaluated the Solana network for the customers in Europe in order to token in Europe. Market experts point out that such institutional steps can increase the liquidity of the ecosystem and accelerate adoption. Nevertheless, global macro conditions and investor psychology will play a decisive role in price 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.
