Solana Maintains Key Support Level at $90
- Price Range Stability: Solana (SOL) has recently stabilized within the critical support range of $80 to $95, consistently defending this foundational area while maintaining an upward trend line, indicating market expectations for a rebound.
- Resistance Analysis: Although SOL shows a positive short-term outlook, it must first break above the $115 resistance level for a stronger recovery, with a further target of $260 requiring overcoming multiple technical resistances.
- Importance of Support: Analysis indicates that SOL has attempted to build a base around the $90 level over the past 100 daily candles, highlighting this area as a crucial reaction zone; a breach below could trigger a deeper pullback.
- Cautious Market Sentiment: While SOL remains above the upward trend line in the short term, failing to close above this support could increase the risk of a correction, leading to a cautious market sentiment.
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Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 5 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0178 | 0.0512 | 0.079 | 0.112 | 0.14 | 0.173 | 0.201 |
| Fibonacci | 0.0512 | 0.0745 | 0.089 | 0.112 | 0.136 | 0.15 | 0.173 |
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