Solana (SOL) is approaching a critical resistance level at $130, aligning with the 0.8 Potential Reversal Zone (PRZ) of a bullish harmonic butterfly pattern. The current price is near a Point of Control (POC) cluster, indicating strong support and resistance levels. The WR indicator is showing a sharp upward trend, and the Directional Movement Index (DNI) is nearing a golden cross, suggesting continued bullish momentum.
As long as the $125 support level holds, SOL's bullish outlook remains intact, with potential to reach the $136 target. However, a daily close below $125 could break key support and resistance levels, risking a test of the lower bounds of the current triangle formation.
SOL Approaches Key Resistance Amid Bullish Pattern
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