Current price: 187.50
Key point: 162.50
Our preferred direction: Buy positions above 162.50 levels with 210 as the first target and 243 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 162.50 level, targeting the 126 levels.
Technical commentary
SOLANA coin is moving in an upward trend on the daily frame since the beginning of this year, and the price is above the support level 162. The coin is currently moving inside a symmetrical triangle, so if it is broken upwards, the price will head to the 210 levels and then the 243 levels.
