\u200b\u200b\u200bSolana bangs into resistance
\nSolana bullish scenario:<\/p>\n
At the end of June Solana managed to break out of its downtrend channel which it revisited and which acted as support on several occasions in early July.<\/p>\n
The 55-day simple moving at $155.56 remains in sight, together with the 30 June high at $159.88.<\/p>\n
Were the Solana (SOL) token to rise above $159.88, the 200-day simple moving average (SMAs) at $164.68 and 11 June high at $168.34 would likely be eyed.<\/p>\n
Further up sit the May highs at $184.84-to-$187.68 which represent the next higher potential target area.<\/p>\n
Solana bearish scenario:<\/p>\n
As long as Solana remains below its\u202f$159.88 late June high on a daily chart closing basis, the June-to-July support line at $149.60 may be revisited. Another potential downside target would be the 1-to-4 July lows at $145.30-to-$144.95.<\/p>\n
Below it lies the more significant\u202f$141.63-to-$140.43 support zone.<\/p>\n
Were it to give way, the next lower $136.69-to-$136.01 support area may be reached as well.<\/p>\n
Still further down lies the 22 June low at $126.00 which was made close to the mid-April low at $123.51.\u200b\u200b\u00a0<\/p>\n
SOL daily candlestick chart<\/p>\n","protected":false},"excerpt":{"rendered":"\u200b\u200b\u200bSolana bangs into resistance Solana bullish scenario: At the end of June Solana managed to break out of…\n","protected":false},"author":2,"featured_media":250542,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-250541","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114822886738574849","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/250541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=250541"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/250541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/250542"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=250541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=250541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=250541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}