Solana - Monthly Trying to be Saved
2024-12-31
Category: None

Solana is another asset that the bulls seem to be trying to defend market structure on the monthly. 

Solana's most important monthly level is around $202.50. This was the monthly close before our 2021 ATH and was also the monthly close in March 2024 (red arrows). This was a key level where sellers took over and suppressed price. 

Now that price has broken above we want top see this level get flipped into new support (green arrow). Therefore, if we can get this monthly close above the $200 level that should be the first sign of continuation for solana. 