Solana (SOL) Price Hits Yearly High Near $47 Despite FTX Sell-Off Fears
cryptonews.net
While SOL failed to close above the $47 resistance area, it is currently making another attempt at moving above it. In July, the price of SOL experienced a significant breakthrough, surpassing a descending resistance trendline that had been in place for an extended period. In September, this trendli
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- While SOL failed to close above the $47 resistance area, it is currently making another attempt at moving above it.
- In July, the price of SOL experienced a significant breakthrough, surpassing a descending resistance trendline that had been in place for an extended period.
- In September, this trendline was confirmed as a reliable support level (green icon), leading to an acceleration in SOL’s upward momentum.
- SOL managed to surpass a crucial hurdle at the $28 horizontal resistance area. Following this breakout, SOL achieved a new yearly high, reaching a price of $46.70 today.
- the price failed to sustain its increase, creating a long upper wick and validating the $47 area as resistance.
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