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Solana's SOL Price Attempts Fresh Rally, Aiming for $30 Resistance

Solana's SOL price is attempting to rally above the $26.50 resistance level, with a contracting triangle forming and resistance near $27.20 on the 4-hour chart. A close above the $28.50 resistance could result in a 10%-15% rally. The price found support near $25 and is now attempting a fresh rally, testing the downside correction's 23.6% Fib retracement level.

However, if the price struggles to clear the $27.20 resistance, it may start a fresh decline towards the 50 simple moving average. Overall, the SOL price shows signs of a potential increase towards the $32 resistance, but may also correct further towards $22.

Solana Solana $238.27
-6.15%
Solana
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