Cryptolean Solana SOL Update
Solana is consolidating in the narrow daily range between $144 and $147.
A daily candle closure above $147 will push Solana price towards $167 and higher.
An inability to sustain the price action above $144 will result in price declining towards $126.
Intraday Chart
The SOLUSD intraday (4-Hour) chart is teasing the key resistance zone of $149.
A bullish breakout of $149 resistance and a sustained price action above it in the 4-Hour chart will push #Solana price towards $168.
An inability to break through $149 could result in a bearish dip and a re-test of $130, the key intraday support.
I will be closely watching price action with this level, as a bullish rejection could offer a long opportunity.
SOL will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and Bitcoin Cash won't be an exception.
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A daily candle closure above $147 will push Solana price towards $167 and higher.
An inability to sustain the price action above $144 will result in price declining towards $126.
Intraday Chart
The SOLUSD intraday (4-Hour) chart is teasing the key resistance zone of $149.
A bullish breakout of $149 resistance and a sustained price action above it in the 4-Hour chart will push #Solana price towards $168.
An inability to break through $149 could result in a bearish dip and a re-test of $130, the key intraday support.
I will be closely watching price action with this level, as a bullish rejection could offer a long opportunity.
SOL will follow BTC. A strong bearish rejection of $69,654-$73,422 in the BTCUSD daily chart will lead to the weakness of the whole #crypto market and Bitcoin Cash won't be an exception.
Like once read.
Thank you!
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