In its latest technical assessment for Solana (SOL), cryptocurrency analysis firm MakroVision stated that the price is turning upwards, re-defending the strong support zone in the $153–$157 range. According to the analysis, SOL is currently approaching the key resistance level at $188. Breaking above this level could pave the way for the price to accelerate towards $223. According to the analysis firm, the prominent technical levels are as follows: Support: $170 and the $153–$157 band Resistance: $188 (above which the trend may accelerate) Risk: A break below $153 could lead to an extension of the correction to deeper levels. Related News: Major Investment Firm Announces It Has Raised Millions of Dollars in Investments Completely Made Up of XRP MakroVision stated that the medium-term uptrend is valid as long as the $153–$157 range is maintained, identifying the $188 level as the “next big test.” A strong rally has been prevalent on the altcoin front in recent days, particularly in Ethereum (ETH). The price of ETH has climbed approximately 20% in the past week. Other altcoins, however, have seen more modest gains. *This is not investment advice. Continue Reading: Everyone is Talking About Ethereum: So What Can We Expect from Solana (SOL)? What is the Latest on the Price?
