3 min readSOLANA (SOL/USD):
Solana has experienced an impressive surge over the past few weeks, particularly this past weekend! The price soared to new all-time highs, reaching as much as $295.
A closer analysis of the technicals reveals that once the price broke out of the internal descending trend line, it continued to climb into new price discovery zones. Examining the RSI indicator, we can see that the price is currently trading in an “overbought” region. I’ll be monitoring closely to see if the price retests the lower demand zone, establishes support there, and resumes its upward trajectory.
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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.
