Solana has been trading slowly under the last top resistance while also seeing a breakout from the 100 EMA zone.
We are left here with 2 possible scenarios, where the first would be a potential breakout from upper resistance and then a movement to higher zones, and the other would be a nice breakdown of 100EMA, which would start a nice downward correctional movement.
Those zones will have our attention for some time, as they are the confirmation of the next major movement.
Swallow Team
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Solana is yet to find it hard to breakout, which gives us more confidence in a potential movement to lower zones!
We are still keeping an eye on that upper resistance, but also on that 100 EMA!
The trendline has been acting as very strong support since the end of February, it has been tested multiple times and even took the significant sell pressure we had yesterday. Is the spectacular uptrend Solana offered us is near to end? Everything is possible of course. The price might be compressing around 188.5 in the next hours, let's see if Solana will give us more milk! (:
SwallowPremium
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@guydraud, Defenitely, but gotta keep an eye on it as we had some sharp liquidations along the way so gotta keep an eye on them as well 😉