Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy

– Solana reversed from the long-term support level 113.75

– Likely to rise to the resistance level 130.60

Solana cryptocurrency recently reversed from the major long-term support level 113.75, which has been reversing the price from last April.

The upward reversal from the support level 113.75 created the daily Japanese candlesticks reversal pattern Bullish Engulfing which started the active minor wave iv.

Given the strength of the support level 113.75 and the oversold daily Stochastic, Solana cryptocurrency can be expected to rise to the next resistance level 130.60.