Categories: Technical analysis

Solana Wave Analysis – 25 April 2025

Solana: ⬆️ Buy

– Solana broke resistance zone

– Likely to rise to resistance level 176.45

Solana cryptocurrency recently broke the resistance zone between the key resistance level 145.75 (top of the previous correction A from March) and the 61.8% Fibonacci correction of the downward impulse from last month.

The breakout of this resistance zone accelerated the active impulse wave C, which belongs to the ABC correction (2) from the start of April.

Given the bullish sentiment across the cryptocurrency markets today, Solana can be expected to rise toward the next resistance level 176.45 (former strong support from December to 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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