Solana analysis of the 4-hour time frame
The current price of Solana is 88.35 dollars. After reaching the ceiling of 126 dollars, this currency is in a downward channel, considering that the price is now in the middle line of the channel and there is support below that range that we specified. If this support is broken down, we will see the price drop to 79.5 and below 75.46 dollars. There is a possibility that we will hit the ceiling of the channel again with the price fluctuations, which needs to break the ceiling of the channel up.
Technical analyst: Amir Hassan Salek
The current price of Solana is 88.35 dollars. After reaching the ceiling of 126 dollars, this currency is in a downward channel, considering that the price is now in the middle line of the channel and there is support below that range that we specified. If this support is broken down, we will see the price drop to 79.5 and below 75.46 dollars. There is a possibility that we will hit the ceiling of the channel again with the price fluctuations, which needs to break the ceiling of the channel up.
Technical analyst: Amir Hassan Salek