3 min readSOLANA (SOL/USD):
Solana has retraced back to the internal ascending trend line I highlighted as a key point of interest if the price continued to decline. At the moment, it is trading just below $190.
A closer examination of the technicals clearly shows the rejection at the internal ascending trend line. This area aligns perfectly with the previous resistance level and the 50% Fibonacci tool, indicating that the price has rebalanced within this zone of interest. Currently, the RSI indicator does not suggest that the price is overbought or oversold.
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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.
