ChartProphet

Solana's Short Term Possibilities

ChartProphet Updated   
FTX:SOLUSD   Solana
I see Solana doing some interesting stuff, it's still over bought but after the bot attack the other day but it sure seems strong in the eye of investors. Solana has an extreme TPS (transactions per min) rate that is challenging all competition. With that said, this coin is in the early stages of growth.

On a technical note, I think we can go either way and that also includes sideways. I am watching for a bounce or flip below the thin red line which is the Bollinger Band SMA.

If your not confident here, stay out of the trade. This is not financial advice.
Comment:
We could see a bounce higher than my lower target, maybe 130 or so even.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.