Solana cryptocurrency can be expected to rise further toward the next resistance level 108.70 (which stopped the previous correction (B) last week).
- Solana reversed from round support level 100.00
- Likely to rise to resistance level 108.70
Solana cryptocurrency recently reversed up from the support zone between the round support level 100.00 (which has been reversing the price from the end of August, as can be seen from the daily Solana chart below) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer, which stopped the earlier impulse wave 1 – that belongs to the intermediate impulse wave (C) of the primary correction 4 from the end of September.
Given the strength of the round support level 100.00 and the neutral crypto sentiment seen today despite the recent outflows from US spot Solana ETFs, Solana cryptocurrency can be expected to rise further toward the next resistance level 108.70 (which stopped the previous correction (B) last week).
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