An analysis of Solana (SOL) suggests key insights related to consolidation, resistance, and potential scenarios in the market.
Key Insights:
Current Price: SOL is observed to be at $75.
Stoch RSI: The Stoch RSI on the daily timeframe is noted as oversold.
Consolidation Expectation: The analysis anticipates SOL to consolidate around the current level for a few days.
Resistance Level: A potential breakout is expected through the $78 level of resistance.
Support Scenario: If the daily support line around $65.00 is breached, SOL could head to $57.00 - $60.00.
#Solana #CryptoAnalysis #MarketScenarios
Key Insights:
Current Price: SOL is observed to be at $75.
Stoch RSI: The Stoch RSI on the daily timeframe is noted as oversold.
Consolidation Expectation: The analysis anticipates SOL to consolidate around the current level for a few days.
Resistance Level: A potential breakout is expected through the $78 level of resistance.
Support Scenario: If the daily support line around $65.00 is breached, SOL could head to $57.00 - $60.00.
#Solana #CryptoAnalysis #MarketScenarios
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Related publications
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.