3 min readSOLANA (SOL/USD):
Solana has finally reached its previous all-time highs (ATHs) and briefly set new ATHs around $264.00. This asset class has experienced significant volatility in recent months, driven in part by the surge of interest in “meme” coins within the Solana ecosystem.
A closer examination of the technicals reveals that the price has moved into some recent resistance areas while attempting to establish short-term support before climbing higher. I’ll be monitoring closely to see how the price action unfolds as it begins to rebalance and approach the 50% Fibonacci level of this recent move, as highlighted below. Additionally, the RSI indicator showed signs of the asset being temporarily “overbought” when it reached new all-time highs.
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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.
