Traders can maximize returns for Solana price at this level by Mangyek0 solana solusd
Investors can accumulate on the retest of $41.25 and expect SOL to rally 50%.Solana price witnessed aas Bitcoin triggered an uptrend on May 30. This bullish outlook caused SOL and other altcoins to rally as well. However, for the Layer 1 token, a pullback to vital levels is likely, allowing market participants to accumulate at a discount.Solana price bounced off the $41.25 support level twice in May.
A bounce off this level could be the key in triggering a run-up that smashes through the 100 four-hour SMA at $49.39 and retests the upper limit at $55.97. This move wouldHowever, the upside for Solana price could be capped after a revisit to the 200 four-hour SMA at $63.71 or the $62.16 hurdle present just below the SMA. While things are looking up for Solana price, a four-hour candlestick close below $41.25 will invalidate the bullish thesis by producing a lower low.
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