Categories: Technical analysis

Solana Wave Analysis – 20 February 2025

– Solana reversed from the support zone

– Likely to rise to the resistance level 186.60

Solana cryptocurrency recently reversed up from the support zone between the support level 165.65 (the previous monthly low from January) and the lower daily Bollinger Band.

The upward reversal from this support zone will likely form the daily Japanese candlesticks reversal pattern Morning Star – if Solana closes today near the current levels.

Given the strength of the support level 165.65, Solana can be expected to rise to the next resistance level 186.60 (former support from the start of February).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Solana

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