SOL Technical Analysis

Transitioning to the daily timeframe, SOL has recently breached its $24 support level and is now on a trajectory towards its subsequent support base at $20. Notably, $20 has historically functioned as a significant support level for SOL, making it probable that the asset will gravitate towards this mark prior to determining its overarching trend trajectory. Beyond the $20 level, the subsequent substantial support resides at $17, coinciding with the lower trendline of the parallel structure. Conversely, resistance levels on the daily scale for SOL manifest at $24, $27, and $33.