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Solana Trades A Few Dollar Shy of $190 as PEPE Resumes Uptrend

Solana, like almost all cryptocurrencies, is on the uptrend. The altcoin is up by almost 10% at the time of writing as it continues the trend.

As a result of the most recent surge, the asset climbed above several key levels. It bounced off the $170 support and peaked at $188, $2 shy of $190. Currently trading at $182, traders are speculating if the uptrend will continue or not.

The 2-hour charts shades more light on what transpired during the period under review. The buildup to the hike started at 14:oo UTC as the asset recovered from a drop to $175. Nonetheless, the chart is indicating the bears reaction to the most recent event.

The current candle depicts a drop to $182 which may spark the start of a series of corrections. It is also worth noting that it is trading close to its first pivot resistance which may serve as support.

In the same vein, Pepe resumed its uptrend and is back above $0.00010 at the time of writing.

Gideon Geoffery