Solana - Weekly Technical Update

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Price Action Summary:
  • Successfully met our weekly expectations following a minor correction
  • Broke both local trendlines and the weekly pivot point
  • Reclaimed position above weekly pivot during the bullish MA crossover (optimal long entry per plan)
  • Currently trading slightly above second monthly target at $175.9
  • Third weekly target remains active while price holds above $168.3


Technical Observations:

1 Momentum Warning Signs:
  • Trend weakening (declining ADX)
  • Bearish RSI divergence forming

2 Key Levels:
  • Upside: Weekly target continuation above $168.3
  • Downside: Potential correction if divergence confirms


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