The main level so far seems to be the $175 level, where the cryptocurrency has seen its price bottom in the last two market retracements. Mihai explains that this means that there is a lot of demand at $175, making it a solid area for buyers. This has also served as the bounce-off points after the previous corrections, with the most recent one ending in the push above $200.
Another thing that the crypto analyst points out is the strong technical structure that has emerged. This is because the Solana price has been consistently printing higher lows since April, suggesting that most of the pressure is still to the upside.
