Oct 29, 2025
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Solana Nears $210 Resistance in Parallel Channel Formation
Analyst Ali Martinez has analyzed Solana's price movements, highlighting its current trading within a Parallel Channel. This pattern involves price oscillations between two parallel trendlines: the upper line as resistance and the lower as support.
- Solana recently tested the lower boundary of this channel and found support, leading to its rise toward the $210 resistance level.
- A retest at this level could either result in rejection, pushing the price back down to around $176, or lead to a breakout, which would propel Solana into a bullish trend.
Currently, Solana is priced at approximately $200, reflecting a 7.5% increase over the past week.
The outcome of the impending retest at $210 will be crucial in determining Solana's next significant price movement.