Solana (SOL) has rebounded from a crucial support level at $119, marking its fourth consecutive day of gains. On December 29, SOL's price increased by 2.45% to reach $127.5, with trading volume surging 161% to $4.15 billion. Despite mixed technical signals, including a negative Chaikin Money Flow, there is potential for SOL to rise towards $145 if the support holds.
Market sentiment remains divided, with some traders anticipating a move to the $144–$150 range, while others expect resistance around $130.4 to maintain a bearish bias. The coming days will be crucial in determining whether Solana can sustain its upward momentum.
Solana Rebounds from $119 Support, Eyes $145 Target
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