Positive divergences of RSI!

SOL had quite a range trend during the last week. The price is still on the support zone that has been temporarily broken. Last week, resistance in the range of $13.95 to $14.5 was considered for Solana, and there was no attempt by buyers to break this resistance. Therefore, if the market corrects and prices decrease, Solana will be one of the vulnerable currencies, which can break its support in the $12 range. In this case, we can expect the next target for sellers to be in the range of $8.7 to $8.13.

The positive divergences detected in the 4-hour time frame by the RSI could be a sign of price growth, but buyers need to at least push the price back above the $14.5 range so that we can expect short-term upside for Solana. The resistances in the $17.7, $20, and $24 ranges could each be associated with a reaction, as the previous bearish wave was very strong. The closest support to the current price is in the $12.25-$12.50 range; if this level is broken, the decline could continue.