Solana is a blockchain built for mass adoption. It's a high-performance network that is utilized for a range of use cases, including finance, payments, and gaming.
Features-
Transactions per second 65000
Block time- 0.40 seconds
Fees- 0.00064 SOL per transaction
Re-test level- $153
Any daily close above $165 confirms further bullishness.
SOLUSD showed a minor profit booking after hitting a high of $161.80. The pair holds above the short-term (34 and 55 EMA) and long-term moving average (200- EMA) in the 4-hour chart. It hit a low of $153 and is currently trading around $153.
The bullish invalidation can happen if the pair closes below $110. On the lower side, the near-term support is $152. Any violation below target $140/$127/$120/$110.
The pair's near-term resistance is around $165. Any breach above confirms minor bullishness. A jump to $175/$200 is possible. A surge past $210 will take it to $260.
It is good to buy on dips around $153 with SL around $139 for TP of $200.
