Solana (SOLUSD) is perfectly rejecting the all time high:
Click chart above to see the detailed analysis👆🏻
After we saw the creation of the previous all time high back in 2021, Solana just recently actually broke above the major resistance and is now retesting this new support area. So far we are seeing the perfect break and retest and new all time highs will simply follow.
Click chart above to see the detailed analysis👆🏻
With the entire crypto market dropping significantly, also Solana is starting to show real signs of weakness. It is still definitely too early to tell but Solana might actually create an all time high fakeout which could lead to an immediate retest of the next support, roughly -40% lower.
Click chart above to see the detailed analysis👆🏻
Also Solana is perfectly keeping up with all the bullish momentum and after we saw the creation of a new all time high yesterday, more continuation towards the upside is very anticipated. Since there is no new resistance above current price, a move of +100% would be the first target.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.