Solana’s Rise in the Crypto Market

Solana (SOL), a cryptocurrency that has recently attracted attention, is striving to reach record levels in November 2021. However, its drop after reaching the $210 level raised concerns among investors. Expert analyst Decentrader suggests that SOL’s funding rates may be a positive sign for the bear market. The price drop to the $183 “Sniper” support and breaking this level could drop further to the main support below $150. Expert Analysis and Price Predictions Analyst Decentrader emphasizes that funding rates could be encouraging for bears, while another analyst, X-Istan, points out Solana’s important resistance and support levels. According to X-Istan, SOL may face resistance around $205 and find support around $180. Additionally, SOL is expected to rise to $267 or drop to $147 if it falls below $180. Solana’s Continued Rise in the Market Solana is observed to be in a general upward trend in the market. However, it faces problems […]

Solana’s Rise in the Crypto Market

Solana (SOL), a cryptocurrency that has recently attracted attention, is striving to reach record levels in November 2021. However, its drop after reaching the $210 level raised concerns among investors. Expert analyst Decentrader suggests that SOL’s funding rates may be a positive sign for the bear market. The price drop to the $183 “Sniper” support and breaking this level could drop further to the main support below $150.

Expert Analysis and Price Predictions

Analyst Decentrader emphasizes that funding rates could be encouraging for bears, while another analyst, X-Istan, points out Solana’s important resistance and support levels. According to X-Istan, SOL may face resistance around $205 and find support around $180. Additionally, SOL is expected to rise to $267 or drop to $147 if it falls below $180.

Solana’s Continued Rise in the Market

Solana is observed to be in a general upward trend in the market. However, it faces problems such as low buying volume and weak buying activity. Nevertheless, any bearish market is considered temporary and beneficial in the long term. It is stated that the price of Solana has increased 25 times since late 2022 and has not yet fully realized its potential.

Useful Information for Readers

The drop in Solana’s funding rates may be a positive market signal.
The $183 “Sniper” support is a critical level.
$205 and $180 are important resistance and support levels for Solana, respectively.
Solana’s long-term growth potential is maintained, and short-term fluctuations should not concern investors.
Despite current trading price being around $171, SOL’s value may continue to rise.

Despite short-term challenges, SOL is currently trading at $171 with a 6.90% decrease amid long-term optimistic expectations. It is stated that these fluctuations do not pose a significant obstacle to the future upward trend.

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