SOL → The coin may get a chance for growth
2025-02-11
Category: None

BINANCE:SOLUSDT  is testing trend support and at the same time bulls are trying to hold their defenses above the intermediate bottom and enter the buy zone.

  

SOL both fundamentally and technically has good potential. Bitcoin is consolidating at this time and it can give strong coins a chance. 
Technically, solana tested the trend support with a touch and is trying to consolidate. I don't exclude the possibility of a false breakdown of the trend support before further growth, but at the moment the focus is on the resistance 200 - 203. If the bulls hold the defense above this area, the coin could strengthen to 245 - 270 - 290 in the medium term. 

 Resistance levels: 203, 200
Support levels: 188, trend 

Emphasis on the local boundaries of the range. The market is struggling for the zone 200-205, bitcoin at this time is forming a local bullish momentum, which can also become a driver for the cryptocurrency market. 

Regards R. Linda!