Given the powerful daily uptrend, Solana cryptocurrency can be expected to rise to the next resistance level 115.00.
- Solana broke key resistance level 110.00
- Likely to rise to resistance level 115.00
Solana cryptocurrency has been rising sharply in the last few trading sessions – breaking through the key resistance level 110.00 (which stopped the previous sharp upward impulse wave (5) at the end of August) and the resistance trendline of the daily Triangle from last month , as can be seen from the daily Solana chart below). The breakout of these resistance levels accelerated the active minor impulse wave 1 – which started earlier from the strong pivotal support level 96.50 (former monthly high from May, acting as the support after it was broken at the end of August).
Given the powerful daily uptrend and the widespread bullish sentiment that can be seen across the crypto markets today, Solana cryptocurrency can be expected to rise to the next resistance level 115.00.
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