In a post made by BulletproofTraders on TradingView, the analyst points to a critical resistance level for Solana at $156.70. According to their analysis, this level has become a focal point as current price action approaches it.
They express a belief that if the price fails to maintain above this resistance, it is more likely to reverse direction and decline toward significant support at $137.65.
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The ongoing analysis indicates that the price is already attempting to break above a key trendline. If Solana closes below the $156 resistance today, BulletproofTraders predicts a potential drop to $147, followed by a further decline to the $137 level.
Conversely, if the price manages to break above the $156 threshold successfully, there could be an opportunity for a continued rally to higher price levels.
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