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🌄 #Solana Snapshot
Solana has been in a decline since facing rejection at $180 in May. Despite trending higher in early June, reaching back up to $163 from $141, it was unable to break higher and has since retraced, currently sitting at $146, and thus trading below the key level of $147 again.
The next lower area of interest is at the key level of $135, about 8% lower than current prices.
Bullish Scenario:
In a bullish case, we’d like to see Solana reclaim $147 and trend higher, targeting $163 and $180 again. Long opportunities arise after a flip of $147 on a successful bullish retest, targeting the mentioned key levels. Trade is invalidated if price fails to hold above $147.
Bearish Scenario:
In a bearish case, Solana faces rejection at $147, fails to break higher, and trends lower again, targeting the key level at $135. Short opportunities arise on a successful bearish retest of $147, targeting $135, with invalidation if price reclaims $147.
More charts and full analysis on $SOL $BTC and $ETH in pinned post or link in bio. 🤝