- Solana price shows signs of exhaustion after the recent 24% upswing.
- Investors should note SOL could trigger another run-up to $136 after a minor retracement.
- A daily candlestick close below $77.61 will invalidate the bullish thesis.
Solana price is on the verge of setting up a swing high around a crucial resistance barrier, suggesting that a reversal is likely. This move could be foreshadowing a retracement before the next leg-up, especially after OpenSea, one of the biggest NFT platforms announced support for Solana NFTs.
OpenSea is mostly known for its NFTs based on Ethereum but the recent addition makes SOL the fourth blockchain to receive support after Polygon and Katlyn.
The best kept secret in web3 pic.twitter.com/xuZn64cZ4U
— OpenSea (@opensea) March 29, 2022