Categories: Technical analysis

Solana Wave Analysis – 9 June 2025

Solana: ⬆️ Buy

– Solana reversed from the support zone

– Likely to rise to the resistance level 163.80

Solana cryptocurrency recently reversed up from the support zone between the key support level 141.65  (which has been reversing the price from April), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse (1) from April.

The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern, the Piercing Line.

Given the improved sentiment across the cryptocurrency markets, Solana can be expected to rise to the next resistance level 163.80 (top of the previous wave B).

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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