3 min readSOLANA (SOL/USD):
Solana has experienced a solid upward movement after breaking through its internal descending trend line. We’re currently trading at just over $160.00, and I’ll be monitoring this pair closely as it appears to be retesting a previous resistance level, which is now acting as support.
If we continue to trade higher into new areas of interest, the first key level I’m watching is the resistance zone between $184.00 and $190.00. A closer look at the technicals also shows how the price has respected the internal ascending trend line I mentioned in previous articles. At the moment, the RSI indicator isn’t suggesting that the price is “overbought.”
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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.
