$SOL WILL IT CONTINUE WITH ITS BULLISH TREND? OR WILL IT FALL IN THE ATTEMPT? ✍️🧏
Nowadays, talking about Solana is very easy and accurate due to several factors that have helped these increases be what they are at the moment, meaning substantial and well-defended. Even so, and despite the strength that this currency shows, it is important to be clear about several risks that I will outline here.
While it is true that Solana has had significant growth in this last quarter, reaching a current price of over $200, we have also seen several strong declines that indicate still a great volatility. Despite the fact that this currency looks excellent in the long term, this is a factor to keep in mind, especially in terms of the short to medium term, as it can save you from losing a lot of money.
Despite this, the sentiment around this currency remains bullish, which is expected to occur in the coming days, weeks, or even months. However, according to my verdict, it will continue its bullish trend. Currently, what we are seeing is a price consolidation, and if this price manages to stay above 190, then we will be talking about a very large increase soon.
But as I said, remember that in these days the selling pressure was greater than the buying pressure, which indicates several signals to be attentive to. Even so, and despite the fact that they sold more than 80 million dollars in the last few days, it continues to be a very good option in the long term.
ENTRIES:
205, 200, 195, or 185
TARGETS:
210, 215, and 220 (Medium and Long Term)
STOP LOSS:
Below 190 or below 183 (VERY CAUTIOUS DUE TO RECENT VOLATILITY)
