SOL Technical Analysis in a Daily Timeframe

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Now, let’s dive into this chart analysis:

SOL is currently holding support at the 21 EMA, as well as the horizontal support range between $150 and $155. If the daily close remains above this support range, a rebound up to $180 can be expected. SOL needs to break above the resistance trendline to continue a bullish rally.

On the other hand, a breakdown below the current support will likely have a negative impact on the price.

Here are the key levels to observe:

- Primary Support: $150-$155.
- Lower Support: $130.
- Resistance: $180.

DYOR, NFA.

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