- Solana reversed from support area
- Likely to rise to resistance level 144.0
Solana cryptocurrency recently reversed from support area between the strong long-term support level 128.30 (which stopped wave 2 in June) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous multi-week downward ABC correction (2) from September and started the active impulse wave 1.
Given the oversold daily Stochastic, Solana cryptocurrency can be expected to rise to the next resistance level 144.0 (top of the latest uwpard correction iv).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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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.