Trade setup: Following a bearish breakout from Ascending Triangle, price remains stuck in a Sideways Channel ($30-45). Swing trader could enter near $30 support and exit near $45 resistance zone. (set a price alert). Solana is experiencing strong adoption by NFT projects, which is driving solid growth in transaction volumes.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance Nearest Support Zone is $30, then $25. The nearest Resistance Zone is $45, then $60.
Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance Nearest Support Zone is $30, then $25. The nearest Resistance Zone is $45, then $60.