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Today, Solana ($SOL ) is trading at approximately $124.68.
Support Levels:
$124: This zone has been identified as initial support; a decline below this could lead to further downward movement.
$120: A major support level; falling below this could push SOL towards the $114 zone.
$110: A decisive drop below this level could trigger further downward pressure, potentially leading to increased liquidation.
Resistance Levels:
$132: This level aligns with the 50% Fibonacci retracement of the last drop; a successful close above this could pave the way for further gains.
$140: The next key resistance; surpassing this could indicate a bullish trend.
$150: Breaking above this level could signal the start of a bullish trend.
Monitoring these levels is crucial for traders to make informed decisions in the current market environment.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.