NEWSLETTER
This article is also available in Spanish.
Solana experienced extreme volatility on Sunday and Monday when the market reacted to the fear of a commercial war of the United States. Uncertainty sent the entire cryptographic space to a large amount of liquidation, with a sun falling more than 25% from its maximums on Saturday. However, the feeling changed quickly after reports arose that President Trump is in negotiations with Mexico and Canada to lift tariffs, which caused a rapid market recovery.
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Since then, Solana has bounced almost 25% from its lowest point, recovering the key levels that suggest that the bulls are back in the control. The superior analyst Jelle shared a technical analysis in x, revealing that this was probably a failed breakdown for sun. If the price is maintained above the key demand areas, another impulse is expected towards new maximums.
With volatility at extreme levels, Solana merchants remain cautious, but the structure still seems promising for a bullish continuation. The next few days will be crucial to determine if Sol can maintain their recovery and enter new maximums of all time. A confirmed retention above $ 205 will strengthen the case for more rise, while losing this level could lead to another leg down. The battle between bulls and bears continues, but for now, Solana resistance is resulting.
Solana remains strong in the midst of market volatility
Solana has experienced one of the most aggressive daily price movements in recent years, sending shock waves through the market. After reaching a historical maximum at the end of January, Sol has fallen more than 40% in less than two weeks. This rapid decrease has caused fear among investors, and many expect more losses in the coming weeks. The uncertainty surrounding macroeconomic factors, including commercial war tensions of the United States, has only fed this feeling.
However, not all analysts are convinced that the worst is ahead. Jelle Superior Analyst <a target="_blank" href="https://x.com/CryptoJelleNL/status/1886663937518645714″ target=”_blank” rel=”nofollow”>shared an analysis in xrevealing that the Solana price action resembles a failed breakdown instead of a true change of bearish trend. Jelle states that if Sol remains above the $ 205 brand in the next few days, the market is ready for another impulse towards the maximums. This level has proven to be a critical support zone, and a strong Bulls defense could indicate a renewed upward trend.
Solana has been one of the high performance assets since 2023, and its ability to recover from deep setbacks has solidified its position as market leader. The blockchain ecosystem continues to expand, and its high -speed and low -cost transactions make it an attractive option for developers and investors.
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In addition, meme coins and nft projects built in Solana have fed a strong demand, which contributes to their price action surpassing most of the other alternatives. If Sol claims the level of $ 220 and consolidates on it, another leg towards the maximum of all time would be on the table. However, a break below $ 205 could indicate a deeper consolidation or even a correction towards the $ 180 support zone.
DETAILS OF THE PRICE ACTION: KEY KEY TO MAINTAIN
Solana (Sun) is quoted at $ 208 after not recovering the 200 -hour mobile average around $ 221. This level has acted as a key resistance, preventing Sun from recovering a short -term bullish impulse. If bulls want to recover control, they must exceed the price above this level and keep it as a support to confirm a reversal of trends.
For now, Sol remains in a narrow range, with the $ 200 mark acting as an essential demand zone. If this level is maintained, a potential recovery could return the price towards the resistance of $ 221, where a break would indicate a continuation towards higher levels. However, if Sol struggles to maintain $ 200 as a support, the sales pressure could be intensified, which leads to a drop towards the level of $ 190.
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The feeling of the market remains mixed, with investors who observe key levels close to determining the next movement. The broader market trend and bitcoin's yield will also play a crucial role in the short -term direction of Sol. A strong rebound of $ 200 would provide confidence for the bulls, while a breakdown could indicate a greater inconvenience. The next few days will be critical for Solana, since it fights to recover the lost terrain and avoid deeper corrections.
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