SOLana is a "security" in the land of the free for BINANCE:SOLUSDT by TradeViewDemiGod

SOLana is a "security" in the land of the free

On June 10, Solana slipped below the significant support level of $15.28. However, the presence of a long tail on the candlestick indicates aggressive buying at lower levels. Buyers made an attempt to initiate a rebound, but the Doji candlestick pattern on June 11 suggests that bears are reluctant to relinquish their advantage easily. They are once again attempting to pull the price below the support at $15.28.

If successful, the price could decline towards the next support at $12.69. On the contrary, if the price turns upwards from the current level and surpasses $16.18, it will indicate the beginning of a stronger recovery. In that case, the SOL/USDT pair could rise towards the 20-day EMA ($18.85), where bears might put up a strong defense.

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