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The cryptocurrency market remains lively, particularly with Solana 
$169 (SOL), Litecoin (LTC), SUI, and Mantra (OM) capturing significant attention lately. These four cryptocurrencies are currently trading around key support and resistance levels, indicating potential price movements.
Solana Price Analysis and Commentary: Stuck at $205 Resistance
Solana faces strong resistance at the $205 level in the short term. Since November, SOL has moved within the $180 to $260 range but has yet to break outside these levels. Daily charts reveal high volatility, with the support region at $180 still holding crucial importance.
Despite this, the market structure has been declining from the $242 level. The MACD indicator confirms the downward trend on the daily chart, while the A/D indicator moves within a horizontal trend. Traders should be cautious of potential closures below $190; however, a possible pullback to the $150-$160 range could present a buying opportunity for SOL coin in the long run.
Litecoin Price Analysis: Rising on ETF Speculation
Litecoin has surged 20% in the last two days, reaching $132. Bloomberg ETF analysts suggest a 90% chance of spot Litecoin ETF approval by 2025. While this speculation supports LTC prices in the short term, the $135 resistance area poses risks.
The daily RSI has yet to reach overbought territory, indicating that there may still be upward potential. However, the $100-$180 range previously saw significant price movements in 2021.
SUI Price Analysis: Critical EMA Threshold
SUI experienced a 30% decline after reaching $5.36 in January. However, this altcoin found support above the 200-day EMA and has increased by 11% in the last three days. A daily closure above $4 signals a stronger recovery ahead.
However, the 20 and 50-day EMAs still present significant resistance levels for SUI coin. The RSI shows a slight downward trend at 44, and prices may fall to the $2.80-$2.50 range, yet the overall upward trend appears strong for now.
Mantra Price Analysis: Correction After New Peak
Mantra has gained an impressive 1,800% over the past year, reaching $6.48. Following this rally, OM has corrected and found support at $4.60. The 50-day EMA is a robust support area where the price has bounced multiple times before.
OM price has the chance to retest the $6.48 peak as long as it stays above $4.60. However, a potential drop to $4.30 could trigger a deeper correction. Additionally, the RSI at 59 indicates a significant recovery opportunity for buyers.
