3 min readSOLANA (SOL/USD):
Solana is showing signs of extending its short-term rejection from the previously identified resistance zone, which aligns closely with its prior all-time highs.
A closer analysis of the technicals reveals that if the price continues to move lower, key areas of interest align with the 50% Fibonacci tool level. Additional confluences include the daily 50 EMA, which perfectly coincides with a potential rebalancing zone. Meanwhile, the RSI indicator is currently hovering near the neutral 50% level, suggesting balanced momentum.
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