Solana (SOL): Another Bounce From 200EMA

Solana is next on our watchlist, with a possible bounce from 200EMA.

We are keeping a close eye on the 200EMA, where price has had multiple bounces, which have started a further upward movement from there.

If all goes according to plan, we should see a smaller bounce again, but there is also a possibility of breaking that same EMA, so keep an eye on it!!!

Swallow Team
Note
snapshot
Solana is looking good, and buyers seem to have secured that 200EMA.

Now we are going to look for a steep upward momentum here and a possible rejection from the upper resistance zone.
Note
snapshot
Solana has made a nice rejection after another bounce from 200EMA.

We are now looking for a very steep downward movement from here on so let's see!
Note
snapshot
9% of movement since rejection from the upper resistance zone.

We caught it nice since the bounce from 200EMA, where price got stuck at resistance and now is falling back to 200EMA.
Note
snapshot
Solanas prediction was on point where we saw a nice rejection happen, which resulted in a good 25% downward movement to the lower target zone.

Disclaimer