The company announced the expected levels and important points for Solana (SOL)!

Crypto analysis company MakroVision stated in its latest technical assessment published for Solana (SOL) that the asset maintains a strong structure and may be on the verge of a new rise.

The company stated that Solana quickly rose to the $188 level after breaking the resistance area at $159 and is currently in a horizontal consolidation process just below this region.

According to MakroVision, Solana has clearly broken its long-standing downtrend and subsequently exhibited a strong bullish structure by forming higher lows and higher highs. According to the analysis, the current sideways movement is seen as a natural and constructive pause following the previous strong rise.

Analysts list the important support levels to be monitored in the short term as follows:

• 159 dollars: It stands out as a short-term support level and a reaction was previously received at this level.
• 153 dollars: corresponds to the Fibonacci 0.382 retracement level and should be monitored for possible reversals.
• 142 dollars: The key level that needs to be defended for Solana to maintain its rise structure.

MakroVision states that if Solana makes a permanent breakout above the $188 level, the price could gain new momentum towards $204 and then $223. On the other hand, as long as the price remains above the $153 level, the short-term technical outlook is expected to remain positive.

According to MacroVision's assessment, Solana is in a healthy consolidation process following its strong rise. This horizontal movement could prepare the ground for the continuation of the upward trend. A breakout above the $188 level could bring new momentum to the market.