Solana Eyes $315 as Major Technical Pattern Forms

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Solana (SOL) is trading near a key monthly support zone, with the price hovering around $132. Over the past week, it has dropped 3%, while daily losses stand at 1%.

Consequently, traders are watching this area as it aligns with a long-term ascending channel support level.

Testing Long-Term Support on Monthly Chart
According to a chart shared by Rose Premium Signals, SOL is now sitting near the lower boundary of its ascending channel on the 1-month timeframe. This zone has previously acted as a base for multiple upward moves. Current price action suggests the level is holding for now.

Notably, the chart outlines two upside levels: $263 and $315. These align with the channel’s middle and top. Price structure remains intact as long as the trendline is not broken.


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