Chart by TradingView
Solana continues to show strength despite the latest pullback.
Key Support levels: $67
Key Resistance levels: $78, $100
Solana appears ready to break higher and turn the resistance at $78 into a support. If this happens, then this cryptocurrency will be more likely to reach a three-digit valuation.
The support at $67 managed to hold off the sell-off from Monday, and buyers came back in force to take the price under the key resistance once more. This shows that pullbacks are quite shallow and quickly bought in this market.
While the price appears ready to continue its uptrend, the 3-day RSI shows a different story. It has been making lower highs since mid-November, which calls for caution. Eventually, this momentum can be reversed based on the RSI.
The bias for SOL remains bullish.
A breakout above $78 would place Solana on a collision course with the next key target at $100. Such an impulse would require bulls to continue to dominate unimpeded.
