Solana (left), 6 %rise in the last 24 hours, attracted the attention of investors. Increasing long positions and rising market activity in the futures market increase the confidence of investors to the left. If this acceleration continues, the price can break up to $ 160 by breaking the resistance of $ 135.
Taurus tendency is strengthening in Solana
Solana’s Long/Short ratio is currently at 1.01. This rate shows that long positions (expectation of rise) are more than short positions (decrease expectation) in the market. As investors’ interest in the left increases, the probability of the price increases to higher levels.
Open positions in futures increased by 11 %in the last 24 hours and reached $ 4.11 billion. The rise of open positions shows that there is a new capital introduction to the market and that investors are expecting long -term rise. If this trend persists, a new wave of rise may be seen in the left price.
Can the left break $ 135 resistance?
Solana is currently trading at $ 133 and the closest resistance point stands out as $ 135.58. If the procurement pressure continues, it may be possible for this level to turn into a support point and the price will rise to $ 160.
However, if the sales pressure increases, the left may lose its final gains and decrease to $ 126. The direction of the market will be shaped depending on the struggle of buyers and sellers in the coming days. Investors should closely follow critical levels and pay attention to the liquidity changes in the market.
What are long -term expectations for Solana?
Although Solana’s last rise increases the interest of investors, long -term price movements still remain uncertain. If the market conditions progress positively, it may be possible for the SOL to reach new peaks by exceeding $ 160. On the other hand, if general market fluctuations and sales pressure persists, the price may be retreated to $ 120 again. If solana can strongly break the $ 135 resistance, a new upward trend may begin. However, it would be critical for bulls to turn this level into a support point. In the coming days, the increase in transaction volume and corporate investor interest will play an important role in determining SOL’s future price movement.
