Categories: Technical analysis

Solana Wave Analysis – 25 February 2025

– Solana reversed from support level 134.15

– Likely to rise to the resistance level 155.30

Solana cryptocurrency today reversed sharply from the key support level 134.15 (former Double Bottom from October) standing well below the lower daily Bollinger Band.

The price will likely form the daily Japanese candlesticks reversal pattern Hammer today (strong buy signal for Solana) – if the price closes today near the current levels.

Solana cryptocurrency can be expected to rise to the next resistance level 155.30 (former strong support from November, acting as the resistance now after it was broken earlier this month).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: Solana

Recent Posts

FTSE 100 Wave Analysis – 17 March 2025

FTSE 100: ⬆️ Buy - FTSE 100 reversed from key support level 8425.00 - Likely…

1 hour ago

Alibaba Wave Analysis – 17 March 2025

Alibaba: ⬆️ Buy - Alibaba broke the key resistance level 145.00 - Likely to rise…

1 hour ago

EURNZD Wave Analysis – 17 March 2025

EURNZD: ⬇️ Sell - EURNZD reversed from long-term resistance level 1.9160 - Likely to fall…

5 hours ago

AUDUSD Wave Analysis – 17 March 2025

AUDUSD: ⬆️ Buy - AUDUSD broke resistance level 0.6350 - Likely to rise to resistance…

5 hours ago

Weak US retail sales might boost stocks

Weak US retail sales are adding to concerns of a potential recession, putting pressure on…

8 hours ago

Dow Jones: Rebound or Rally? The Fed Holds the Key

The Dow Jones rebound depends on the Federal Reserve's monetary policy and incoming data. It…

9 hours ago

This website uses cookies