Solana (SOL), which tested $ 22.70 a few days ago due to the market retracement, broke above $ 25 again.
SOL, which retreated to $ 22.70 due to the decreases in BTC, bounced back up with the Fed’s interest rate hike move. BTC, which went to $ 29,700 in the process when the decision was announced, brought SOL after it, paving the way for a 12 percent increase. What is the latest status of the chart for the major coin, which managed to jump over $25 again a few days later?
Solana (SOL) technical analysis
SOL, which depreciated significantly with the withdrawal that started in BTC, threw a needle at $ 22.70. However, the fact that BTC jumped above $ 29,200 and reached $ 29,700 with the effect of the Fed interest rate decision strengthened SOL. The major coin, which broke the $ 23.86 region directly, increased by 12.74 percent in a short time by testing $ 25.60. It is currently priced at $25.15.
The levels that SOL traders can follow as resistance are 25.59 – 27.15 – 29.13 and 32.14 dollars, respectively. If the peak value tested in the recent timeframe is $32.14, if it is clearly exceeded, the medium-long term for SOL may progress even more positively. But the failure of $23.86 to act as support could push the price down to $22.35 – $20.46 and $19.27 over time.
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