FxWirePro- SOLUSD Daily Outlook

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

Any daily close above $165 confirms further bullishness.

SOLUSD showed a minor sell-off after a jump of more than 15%. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $162.36 and is currently trading around $157.

The bullish invalidation can happen if the pair closes below $110. On the lower side, the near-term support is $150. Any violation below target $135/$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 $150 with SL around $135 for TP of $200.

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