SOL 1day might have topped here at $260 just short of our $276 target so we are taking off some profit to cushion the possibility of a local top here moving to a consolidation period with some repricing activity There is also bearish divergence between price and the rsi further indication of price topping moving to consolidation The rsi is not over-bought here either so we aren't overly concerned about Solana's future price action just taking some profit for a cushion in case of a pullback and consolidation period
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.