✴️ Solana Update (Quick & Simple)
Not even a major correction for Solana just a minor drop, that's how the flash crash is expressing itself on this chart.
The current price is trading above MA200 which is no big deal, currently the chart structure is more important.
Solana is now undergoing a corrective consolidation phase with a bullish bias and this bias is hard to break.
If the strong marketwide flash crash wasn't enough to break it, we are just waiting for prices to grow.
The flash crash was a non-event here which means that there are no sellers around for this pair, people are ready to hold.
Namaste.
The current price is trading above MA200 which is no big deal, currently the chart structure is more important.
Solana is now undergoing a corrective consolidation phase with a bullish bias and this bias is hard to break.
If the strong marketwide flash crash wasn't enough to break it, we are just waiting for prices to grow.
The flash crash was a non-event here which means that there are no sellers around for this pair, people are ready to hold.
Namaste.
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