SOL Trends
Sol price was moving between white-blue uptrend channels since Dec. 2023. So there was a clean uptrend path in this direction.
But then, price broke white uptrend channel on August first time. Then it moved inside of it for few weeks before it drop below it.
Red downtrend channel working well as resistance for the price since Solana's $210 times. When the price reached this red channel it rejected there everytime so far. Now price is currently inside of it. If the price can break this channel up it can continue to white uptrend channel for the retest move. In this case, that retest would point $158- $160 in price.
Or this red downtrend channel will work as a resistance again and will push the price down.
But then, price broke white uptrend channel on August first time. Then it moved inside of it for few weeks before it drop below it.
Red downtrend channel working well as resistance for the price since Solana's $210 times. When the price reached this red channel it rejected there everytime so far. Now price is currently inside of it. If the price can break this channel up it can continue to white uptrend channel for the retest move. In this case, that retest would point $158- $160 in price.
Or this red downtrend channel will work as a resistance again and will push the price down.
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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.