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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