altFINS

SOL: Approaching Support

Long
BINANCE:SOLUSDT   SOL / TetherUS
Solana (SOL) technical analysis:

Trade setup: Price bounced off of $20 support, above 200-day moving average and above long-term Down Trendline to indicate that buyers have soaked up all the supply overhang and to signal Uptrend resumption. It could revisit our target of $25-30 resistance zone. That’s a stiff resistance area where the price got rejected several times in 2023.

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.

Support and Resistance: Nearest Support Zone is $20, then $15. The nearest Resistance Zone is $25 – $30, then $40.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.