Solana - IMPORTANT Support Zone will be TESTED

CryptoCheck- Updated   
KUCOIN:SOLUSDT   Solana / Tether
Hi Traders, Investors and Speculators of Charts

Solana is frequently trending due to steep fees of ETH. Even after a large increase, there is still great upside potential for the future. However, for the short term, a retets of a prominent support zone is likely after a near parabolic increase on SOL.

SOLUSDT is one of the altcoins I was watching for 2024 Altseason, as per previous posts in early January. โœ…

๐Ÿ‘‰ Technical Indicator SHORT TERM is overbought indicating a correction is overdue
๐Ÿ‘‰ Support zone at $153 is critical to hold
๐Ÿ‘‰ Daily candles need to keep closing ABOVE this zone to avoid a potential H&S pattern.

Overbought indicates a correction is overdue:

If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.


๐Ÿ“ขFollow us here on TradingView for daily updates๐Ÿ“ข
๐Ÿ‘Hit like & Follow ๐Ÿ‘

SOL : H&S pattern forming in the 4h:

Discord Server

Cryptocheck Website

SoftQuant Website

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.