Bulls Eye Breakout Toward $160 As Derivatives Expand Sharply

• Solana assessments a two-month trendline close to $140, with main EMAs above worth maintaining the construction corrective reasonably than bullish.
• Spot flows flip constructive with $5.53M in inflows, whereas derivatives exercise surges as merchants take leveraged lengthy publicity.
• A breakout above $140-$146 shifts targets towards $160-$163, whereas failure dangers a return to $134 and probably $128.

Solana worth at this time trades close to $139 up 5.5%, extending a rebound that began from the $128 zone earlier within the week. The restoration is making an attempt to interrupt a two-month descending trendline, however worth stays capped beneath a cluster of transferring averages which have acted as resistance all through the downtrend. 

Trendline Rejection Limits Restoration Makes an attempt

On the 4-hour chart, Solana is urgent towards the falling trendline close to $140, a barrier that has rejected eve…

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