Solana (SOL/USDT) has recently formed a descending channel, which broke down from and touched the lower boundary of the parallel channel.
Following this, SOL began an upward movement, reaching $25. Currently, there is a divergence on the RSI indicator, which suggests that SOL may reach $35 after touching a liquidity pool or an area lower than that, possibly the second area.
As a financial analyst, I recommend waiting for a long confirmation before considering buying SOL.
weekly time frame:
always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
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.