3 min readSOLANA (SOL/USD):
Solana has had an impressive rally over the past few days, breaking through previous resistance levels. Currently trading at just over $218.00, could a new all-time high be next?
Taking a closer look at the technicals, we can now apply the Fibonacci tool to map out the most recent price movements and identify potential pullback levels for re-entry, aiming to ride the trend higher. This technique works particularly well in trending markets. The RSI indicator, however, is signalling that the price may be “overbought” in the short term.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
