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Solana is showing signs of pre-RUP behavior Because it is consolidated below a large price threshold. According to a new technical analysis shared by Rlinda on the TradingView platform, the level of $ 136 is currently a decisive resistance point, and the current solana trading behavior suggests that a repair above this level could trigger a new bullish push even if the world market situation is down.
Solana finds stability after a false breakdown
The current structure of Solana price graph reflects a notable recovery after the analyst described as a false breakdown under the beach support area. This false breakdown refers to the price accident between the last week of March and the first week of April, during which the Solana Prize Briefly broken below $ 100. In particular, this break below $ 100 was an extension of a drop after a break below a key support range between $ 115 and $ 108.
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After briefly plunging under key support, Solana quickly rebounded and The market responded with Renewed purchase pressure which has returned its price above $ 130. However, this push begins to slow down, with resistance at $ 136 and a consolidation phase between $ 130 and $ 136.
This range of consolidation turns out to be an important area for the Haussier potential of Solana in the future, According to Rlinda. This behavior is still reinforced by the dynamics of liquidity. The analyst highlights an imbalance of liquidity created by the recent false failure, which could promote the movement of upward prices while Solana Bulls seeks to recover the higher areas greater than $ 136.
A decision supported above $ 136 could serve as an initial trigger for a break, which changes the feeling of the short-term market in favor of Solana. If this scenario takes place, this decision would provide a technical confirmation of the growing force among buyers. This bullish potential is notable, even if Rlinda noted that the The world market situation is lower.
Breakout above $ 136 could unlock higher price targets for Solana
Speaking of the situation in the global lower market, the analysis of Rlinda classifies the local configuration of Solana as neutral, indicating that the The price is in a fork Rather than showing a definitive trend. The dynamics of the cryptography market also lends weight to the upward perspectives of Solana. Bitcoin, the dominant force on the cryptography market, is itself being consolidated and has been strongly correlated with Solana movements in recent weeks. If Solana manages to close and consolidate above $ 136, the graph opens to a sequence of local objectives, with the levels of $ 140, $ 147 and $ 152 becoming the following areas of interest.
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At the time of writing the editorial staff, Solana is negotiated at $ 134.80, up 0.5% in the last 24 hours and 15.6% in the last seven days. Even if the prospects are optimistic, minor corrections can still occur as this process takes place. In such a scenario, Fibonacci 0.5 trace, located around $ 125.28, cushion For price corrections. As such, any short -term drop in the current price level can be reached with solid support and accumulation in the FIB retracement. Other levels of support are $ 129, $ 123 and $ 111.
Adobe Stock star image, tradingView.com graphic
