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#SOL
#BTC
Solana's current market trend is bearish, with its 5-day, 10-day, 20-day, 50-day, 100-day, and 200-day moving averages indicating a bearish trend.¹ The Relative Strength Index (RSI) is at 36.28, also indicating a bearish trend.
As for short-term tips, here are some key points to consider:
Trade Setup : Solana's price is expected to revisit $240 or even $260, with a stop loss at $204.
Support and Resistance : The nearest support zone is $190, and the nearest resistance zone is $260.
Trend : The short-term trend is Strong Up, while the medium-term trend is Up, and the long-term trend is Strong Up.
Some analysts predict that Solana's price will continue to rise, potentially reaching $400 by 2030, with some optimistic scenarios suggesting it could reach $1,200.
However, it's essential to keep in mind that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.