Solana’s spectacular performance appears to have reached a top.
Key Support levels: $43
Key Resistance levels: $67
After new local highs, Solana has arrived at the $67 key resistance where sellers appear to be making a stand. Buyers failed to break this level and now are on the defensive. The key support is at $43.
Since mid-October, Solana went from $21 to $67 without any significant pullbacks. This is why a deeper correction could be expected at some point in the future.
While SOL’s price is making higher highs, this is not the case on the daily RSI which is showing a bearish divergence. This signals that buy momentum is fading and may give sellers an opportunity to push this cryptocurrency lower.
The bias for SOL is neutral.
Solana remains a very strong performer, but this rally may be approaching its end. If buyers fail to take the price above the resistance at $67, then sellers could take over in the near term.
The post SOL Crashes by 13% on Daily: Three Things to Consider for this Weekend (Solana Price Analysis) appeared first on CryptoPotato.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
