Solana (SOL), which exceeded $60 as Bitcoin (BTC) broke $38,000, is trying to hold on to an important region.
If BTC advances to $38,400, SOL has passed a critical threshold, pushing $62. Exceeding $60, which is an important level both psychologically and technically, increased buy-side transactions. The major coin, which has retreated from the first resistance level for now, seems to be able to continue its upward movement as long as it maintains its current area.
Can SOL, one of the clear stars of the rising season, climb to higher levels?
The challenge with the 60 dollar band continues!
SOL, which was traded at $60.64 as of the writing of the news, can move towards $63.91 – 68.30 and $72.07, respectively, as long as it sits above $61.86. In the bullish scenario, as much as the technical side is important, price movements in BTC and developments regarding FTX will also have an important place.
If BTC fails to hold above $38,000, SOL remains below $59.64, or a negative development from FTX regarding SOL will naturally shake the price of the coin. In such a case, there may be a decrease first to 58.11 dollars and then to 56.42 – 51.95 – 48.47 and 46.75 dollars respectively.
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