$117 Is Solana’s Make Or Break? Top Trader Reveals How You Can Profit From The Slow Bleed

Solana (SOL) is hovering at a $117 support level, a price point that could dictate its next significant move. Crypto trader Mags highlights this zone as a make-or-break moment, with technical indicators flashing mixed signals. Whether Solana rebounds or faces a prolonged decline, savvy investors are already exploring opportunities beyond the market’s usual volatility.

Solana’s $117 Support: The Key Battle Zone

Top trader Mags (@thescalpingpro) has highlighted a key level that could determine Solana’s next big move. According to him, Solana is testing the $117 support zone, which aligns with a significant Fibonacci retracement level and has held firm for the past year. If this level holds, Solana could see a strong rebound, potentially pushing toward new highs. However, if it breaks, the price may gradually decline, a pattern he refers to as a “slow bleed.”

The Relative Strength Index (RSI) is currently around 40, a level that has historically marked trend reversals. Mags believes two possible outcomes could play out. A bullish scenario would see Solana (SOL) bouncing from this level, triggering a rally toward the $160-$180 range. On the other hand, a bearish breakdown below $117 could send the price toward $80-$90, as technical signals indicate increasing downside risks.

With Solana at a critical turning point, investors are weighing their options. As Solana traders anticipate its next big move, staying informed and searching for diverse investment strategies is key. Whether Solana bounces from support or faces further downsides, opportunities exist for those who position themselves wisely.

WallitIQ (WLTQ) Is The Future Of Crypto Wallets

While Solana (SOL) faces uncertainty with potential downside risks, WallitIQ (WLTQ) is quickly emerging as a leading investment opportunity in the crypto market. The presale is currently live at $0.0420 per token, presenting a limited-time opportunity for early investors to secure the token at its lowest entry point. Driven by its innovative approach and rapidly growing adoption, it could lead the crypto industry in the coming years.

WallitIQ’s (WLTQ) AI-powered features, such as real-time smart suggestions, are changing crypto management. These suggestions help investors optimize their strategies by advising on the best times to execute transactions, rebalancing portfolios, and identifying high-potential opportunities. This AI-driven support helps users make informed decisions without the complexity of traditional crypto trading.

In addition to its cutting-edge technology, WallitIQ (WLTQ) offers high-staking rewards of up to 180% APY, significantly higher than industry standards. These attractive returns provide a powerful incentive for long-term growth, allowing early adopters to maximize their investments as the platform expands.

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The project has launched its beta platform, and with its full audit by SolidProof and listing on CoinMarketCap, WallitIQ’s (WLTQ) future looks promising. The platform’s Scan-to-Pay QR system simplifies crypto payments, allowing users to make instant transactions for everyday purchases like Starbucks coffee or Spotify subscriptions. These advancements set the stage for a significant leap in the crypto space.

Time Is Running Out – Join The WallitIQ (WLTQ) Presale Now

Solana (SOL) is at a critical point, with its $117 support level determining its next move. The Solana price action remains uncertain, as it tests this key zone. A break below $117 could lead to a continued decline, while a rebound could signal a rally. Investors face a make-or-break moment, but uncertainty remains.

WallitIQ (WLTQ) presents a clear investment opportunity. At just $0.0420 per token, it’s still in its presale stage, with massive growth potential ahead. With its beta platform launched and groundbreaking AI-powered features, it’s already gaining momentum. This could be the chance to secure the token at its lowest price before it surges. Don’t miss out—join the presale now and be part of the future of crypto.