Pro Charts: Crypto

Technical Analysis: Solana Update Target Revealed

Updated: May 18, 2024 | Published: May 18, 2024
Verified Investing
By Verified Investing
Technical Analysis: Solana Update Target Revealed

Crypto has been pushing higher in recent days as risk-on continues in all assets. Solana is up 25% in the last few days as it continues to see buyers. Based on technical analysis, upside may continued until it runs into major resistance at $190. The $190 level are two major trend lines that converge. Note the chart. This would be the first major level Solana will have to deal with.

Solana is one of the largest market cap coins after Bitcoin and Ethereum. However, it is far more volatile. This means investors must invest wisely as moves in either direction can be massive.