Solana Price Faces Key Resistance Zone
- Short-Term Bounce Potential: Solana (SOL) is currently trading at $86.29, with analysts suggesting this could be a wave 2 bounce, indicating that the current rise may still be corrective rather than a confirmed bullish reversal, thus highlighting the risk of continued seller control in the short term.
- Key Resistance Zone Analysis: The critical resistance zone for SOL lies between $86.37 and $88.30, encompassing multiple Fibonacci levels, and if SOL fails to break through this area, sellers may regain control and push prices lower.
- Downside Target Setting: Should wave (c) continue, the chart marks downside targets at $81.69, $80.00, and $78.99, with an overall support zone between $78.81 and $81.75, indicating a bearish structure in the short term.
- Long-Term Support Plan: The daily chart shows SOL trading at $85.84, facing significant resistance around $90 to $96, and if it fails to reclaim this zone strongly, a larger drop towards the support area of $40 to $47 may occur.
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Technical Analysis for TST
Technical Sentiment Analysis for Test (TST). As of , Test (TST) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TST 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, TST 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 $-.
Test (TST) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.000555 | 0.00458 | 0.00821 | 0.0133 | 0.017 | 0.0221 | 0.0257 |
| Fibonacci | 0.00458 | 0.00793 | 0.01 | 0.0133 | 0.0167 | 0.0188 | 0.0221 |
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