Cryptolean Solana SOL Update

Solana is consolidating in the narrow daily range between $144 and $147.

A daily candle closure above $147 will push Solana price towards $167 and higher.

An inability to sustain the price action above $144 will result in price declining towards $126.

Intraday Chart



The SOLUSD intraday (4-Hour) chart is teasing the key resistance zone of $149.

A bullish breakout of $149 resistance and a sustained price action above it in the 4-Hour chart will push #Solana price towards $168.

An inability to break through $149 could result in a bearish dip and a re-test of $130, the key intraday support.

I will be closely watching price action with this level, as a bullish rejection could offer a long opportunity.

SOL will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and Bitcoin Cash won't be an exception.

Like once read.

Thank you!