Solana cryptocurrency can be expected to rise to the next resistance level 90.00 (target price for the completion of the active minor impulse wave 1).
- Solana broke key resistance level 75.00
- Likely to rise to resistance level 90.00
Solana cryptocurrency is under the bullish pressure after the price broke through the resistance zone located at the intersection of the key resistance level 75.00 (former strong support from February, which has been reversing the price from April, as can be seen from the daily Solana chart below), resistance trendline from January and the 50% Fibonacci correction of the downward impulse from May. The breakout of this resistance zone accelerated the active minor impulse wave 1.
Given the strength of active impulse wave 1 and the strengthening bullish sentiment seen across the crypto markets seen today, Solana cryptocurrency can be expected to rise to the next resistance level 90.00 (target price for the completion of the active minor impulse wave 1).