In a previous analysis we speculated about an imminent reversal and the possibility for SOLANA to reach some supports.
A you can see in the chart, the price is reaching a previously identifiend support and two scenarios can develop.
We should always take into account the global crypto market situation (BTC in particular) and the global "traditional" market. If BTC will overcome the upper resistances and continue to grow, the whole market will follow.
SOLANA can bounce on the support at $~136 and try to form a Lower High at the 160 resistance. In case of persistent downtrend we may be able to see the 106 support again.
What's your guess?
*Not a financial advice*
A you can see in the chart, the price is reaching a previously identifiend support and two scenarios can develop.
We should always take into account the global crypto market situation (BTC in particular) and the global "traditional" market. If BTC will overcome the upper resistances and continue to grow, the whole market will follow.
SOLANA can bounce on the support at $~136 and try to form a Lower High at the 160 resistance. In case of persistent downtrend we may be able to see the 106 support again.
What's your guess?
*Not a financial advice*
