Can Solana Price Still Reach A New ATH After Crashing To 2-Year Lows?
Market expert Umair Crypto has released an updated technical analysis on the Solana price from last week. In his new report, the analyst highlighted that While the broader technical picture supports a bearish outlook for Solana, Umair Crypto still believes the cryptocurrency can stage a recovery to new highs, albeit slowly. He marked the former point of control near $100.93 as a key level to watch, noting that it now acts as a resistance. According to the analyst, the best-case scenario for Solana would be to build a base within its current range, flip its daily bullish structure, and use that structure as support for any future price recoveries. Without this, any sustained trend reversal is unlikely. Path To Recovery And Higher Price Targets
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If SOL breaks above the $100.93 level, Umair Crypto predicts the next price targets would be $120.59, $128.43, $138.77, and $150.36. In his original analysis, the analyst shared an even higher target, forecasting a surge to between $200 and $210 if Solana can maintain momentum above $150.36.
Featured image from Unsplash, chart from TradingView
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