Solana today is leaning towards a slight correction after previous rises, with the current price around $181. The general trend is still bullish in the medium term with some moderate daily fluctuations. Still thinking about where to go 😁
Technical indicators
The moving average (EMA 50 and 200) shows a strong upward trend, which enhances confidence in the continuation of the bullish movement.
The Relative Strength Index (RSI) is trading in the neutral zone indicating a lack of market overbought or oversold conditions
MACD indicates the likelihood of a short-term correction in the coming days
Support and resistance levels
The main support is between $178 - $180
The key resistance is between $190 - $192
If the support is broken, the price may reach around $175. If the resistance is broken, the rise may extend to $200 or more.
In summary, Solana remains a good opportunity for medium and long-term investors, with the need to closely monitor the market to face any sudden fluctuations. The current movement is considered a natural correction before any potential new upward push very soon.
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