The solana is in a virtual bearish channel, but at the same time it is about to start an impulsive leg to stress the upper edge, confirmed by the RSI which indicates exhaustion of the selling forces. When you reach the upper edge, you may experience resistance from the Cloud of Ichimuku.

SOLUSDT 1H
⚠️Here are the supports and resistances at 1H:
Key Support Levels: 22.74 / 22.25
Main Resistance Levels: 23.39 / 23.82

✅RSI Exhaustion of selling forces.
✅MM200: At the height of 23.82

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.