Solana Price Prediction Is a Tale of Two Scenarios

Solana’s Price Changes and Volatility Lately

The price of Solana has been changing a lot. It broke through the $206 supply zone. But it fell soon after. This is a common pattern in this market, which is hard to predict.

You saw the second short setup if you know how momentum changes. The price returned to a new supply area. Then it fell all the way to $196. That was a good move for all the traders.

Looking at the Important Supply and Demand Zones

The price is now at a very important level. It could keep going down from here. But before it drops, it might want to get some liquidity. That small amount of liquidity is above $206–$207.

If it does get that liquidity, shorts could add to their positions. If not, the market will do what it wants. No one knows for sure what will happen next.

The Market Is Always Unpredictable

You can have the most organized setups in the world. But the market will always remind you that it is unpredictable. That’s why you need to be careful. We should think of these as things that could happen.

There is no way to guarantee that they will happen. You should never get married to just one prediction. Let the market show you what it has first.

Recommended Article: DeFi Development Corp Buys $77 Million in Solana

What Experts Think Will Happen to Solana in the Near Future

If Solana breaks through the $206-$207 range and then goes back down, it could keep going down. Many analysts are keeping an eye on this first scenario. If buyers defend and flip the structure again, we could see another attempt to reach $215.

A lot of people are hoping for this second scenario to happen. The price will either stay away from these supply zones or break through them. We will be keeping a close eye on what happens.

Why the Market Can Be So Hard to Predict

Things happen in the market that you can’t predict. A small piece of news can change everything. It is a place where people feel things and are scared. That’s why it’s important to be disciplined.

Even if you have a great setup, the market can still surprise you. This is why you should always be ready. You should always know what you’re going to do with your trades.

Important Price Levels to Look for a Breakout

$206 to $207 is the range of prices you should keep an eye on. If the price goes above these levels, it could mean that a new breakout is coming. If the price doesn’t break through these levels, we could see a lot of losses. The market will show its cards very soon.

You should always act on the reaction, not the fantasy. This is the most important rule of all. Let the market decide what it wants to do.

Solana’s Price Potential

Solana’s price is at a very interesting point. It could go either way. The result will depend on a lot of things. Right now, the consolidation is a very important step. It will probably decide what the token does next.

IMPORTANT NOTICE

This article is sponsored content. Kryptonary does not verify or endorse the claims, statistics, or information provided. Cryptocurrency investments are speculative and highly risky; you should be prepared to lose all invested capital. Kryptonary does not perform due diligence on featured projects and disclaims all liability for any investment decisions made based on this content. Readers are strongly advised to conduct their own independent research and understand the inherent risks of cryptocurrency investments.

Share this article