Solana’s price on edge – Traders, watch out for THESE levels – BitRss

• Solana faced a crucial resistance at $240, with key support at $196, determining its next move.
• Market sentiment remained negative, though social volume and technical indicators show potential reversal signs.

Solana [SOL ($198.08)] is at a critical juncture, with traders watching closely as the cryptocurrency’s price faces a crucial test. At $202.94 at press time, showing a 1.58% decline, the cryptocurrency is experiencing fluctuations that could either push it higher or send it lower. 

As the price tests critical levels, traders are debating whether SOL will break resistance and target $350 or drop toward $150.

This article delves into the technical indicators, social volume, and sentiment to determine Solana’s next potential direction.