The $SOL token is gaining attention following technical analyst Peter Brandt showing off a possible long-term on its weekly chart.
TL was acquired after creation during the 2022 meltdown of the markets and Next spent a long period of time consolidating. As Brandt's analysis hints, the pattern may be in the process of heading towards the area around $240 if previous resistance levels are broken.
Initial resistance area is around 240 to 260 area. Staying above that range would strengthen the technical picture and breaking below the 80 to 85 area would weaken or invalidate it.
Maintaining that SOL has not been broken for the moment still keeps the response of SOL around these support and resistance levels relevant until the overall structure appears.
$SOL
#solana
TL was acquired after creation during the 2022 meltdown of the markets and Next spent a long period of time consolidating. As Brandt's analysis hints, the pattern may be in the process of heading towards the area around $240 if previous resistance levels are broken.
Initial resistance area is around 240 to 260 area. Staying above that range would strengthen the technical picture and breaking below the 80 to 85 area would weaken or invalidate it.
Maintaining that SOL has not been broken for the moment still keeps the response of SOL around these support and resistance levels relevant until the overall structure appears.
$SOL
#solana