Solana (SOL) technical analysis:
Trade setup: Bullish breakout from Falling Wedge pattern and back above 200-day moving average (~$21), which signals bullish trend reversal with upside potential to $25-30 resistance zone.
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.
Trade setup: Bullish breakout from Falling Wedge pattern and back above 200-day moving average (~$21), which signals bullish trend reversal with upside potential to $25-30 resistance zone.
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $20 (previous resistance), then $12. The nearest Resistance Zone is $25 – $30, then $38.
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.
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.