Solana
Short
Updated

Solana Prepares For Correction (~25% To Start)

4123
Looking at the daily chart for Solana (SOLUSD), a correction is on its way.

  • We have very high bear volume.
  • We have indicators trending lower, RSI and MACD.
  • We have a break below EMA10 and EMA21 (candle closure is needed for confirmation).


These bearish signals are pointing to lower prices.

The relevant support levels are marked on the chart.

Can be 22% to 28% but who knows... It is very early to say for sure.

Namaste.
Note
There is room for more drop/red.
Trade closed: target reached

Disclaimer

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.