Solana Price Prediction: Bulls Teeter on Fibonacci Tightrope

Solana Price Prediction 2025 can reach approximately $300

• Market sentiment towards #Solana is displaying positive signs, signaling a potential bullish reversal.

• An observed rejection of lower prices from a support trend line indicates an increased probability of a bull cycle.

• A symmetrical triangle formation on the daily chart implies a period of sideways movement during the pullback phase.

• #Solana retraced to $135 after failing to maintain levels above $150, coinciding with both the 50% Fibonacci level and the support trendline.

• The sideways movement between the 50-day EMA and the 100-day EMA suggests the formation of a double-bottom pattern.

• Despite recent gains suggesting the emergence of a morning star pattern, the presence of a bearish candle during intraday trading limits the potential for a reversal.

• The neckline of the double-bottom pattern, identified at $160, hints that the ongoing recovery could trigger a breakout rally, with a target surpassing $200.

• According to Coingabbar's analysis, Conversely, the failure to realize the bullish scenario might result in a drop below $130, potentially leading to a decline in Solana's price to $100.

KEY LEVELS :

RESISTANCE LEVEL : $140-$145

SUPPORT LEVEL : $130-$126

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