Technical analysis by CryptoStation about Symbol SOL: Buy recommendation (7/27/2022)

The $35 zone is a very important support zone for SOL at the moment because SOL is still continuously creating a channel with higher highs and higher lows. So if SOL holds this support at $35 zone, SOL will bounce back to $40 zone or even rally to $55 zone in August.However, if SOL loses the $35 zone, it will officially return to the downtrend and its target will be the $25 zone, which is a very good accumulation zone for the long term.