Long

SOLANA → Correction to the liquidity zone before the rally ↑

Updated

enjoys high interest from both a fundamental and technical perspective. Bulls overcome key resistance, but the coin follows bitcoin and there are nuances....

Solana's growth is likely to continue because it is well positioned to capture the next wave of cryptocurrency adoption. Likewise, the coin is also strengthening as the third major crypto asset after Bitcoin and Ethereum.
Investors evaluate such positive factors as: high activity amid the BTC correction, more meme coins (weird, but okay), growth in overall capitalization and DEX volumes on the network, and low commissions. This whole conglomerate suggests that Solana could be the next crypto-ETF to launch.
Technically, we should pay attention to the nuance between Mt.Gox and BTC, accordingly, the market may slip to support until the situation stabilizes before further growth, which can be influenced by ETH-ETF.

Resistance levels: 162.45
Support levels: 140.0 133.8, 122.3

The market may let the correction continue due to Mt.Gox, which activated BTC transfers after a test transaction today. And since SOL actively follows BTC, the moves could be correlated. The bullish trend will continue after the situation stabilizes.

Rate, share your opinion and questions, let's discuss what's going on with SOL ;)

Regards R. Linda!

Trade active

If SOL consolidates above 162.45, the growth may continue without a pullback.
Bitcoin starts to strengthen, market reacts weakly to news related to Mt.gox

Trade active

False breakdown of the ascending support line.
Emphasis on the breakdown of resistance at 188.32

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Tested the resistance

Trade active

A false breakdown of 116 allows the coin to strengthen to 162.

RLinda

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