Solana cryptocurrency can be expected to rise further to the next resistance level 78.85 (upper border of the active narrow sideways price range inside which the price has been moving from the start of July).
- Solana reversed from pivotal support level 73.70
- Likely to rise to resistance level 78.85
Solana cryptocurrency recently reversed up from the support zone between the pivotal support level 73.70 (former resistance from June), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from the start of June. The upward reversal from this support zone continues the active minor impulse wave 1, which belongs to the intermediate impulse wave (1) from the start of June .
Given the strength of the active impulse wave (1) and the resumption of bullish sentiment seen across the crypto markets today, Solana cryptocurrency can be expected to rise further to the next resistance level 78.85 (upper border of the active narrow sideways price range inside which the price has been moving from the start of July).
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