Good afternoon, Traders! Analysis #SOLANA 25/02 16:39
Solana has had a good shake-up today! In the last few hours, Solana has been holding its price well, despite the liquidations forced by the big players. The market has started to react, and we are witnessing an accumulation phase. This increases the probability of the continuation of the rebound (as I mentioned in the previous post), which could take the price to 148 and, if it breaks, to 152.
Let's remember again: A REBOUND can also be a price confirmation for a DOWNWARD CORRECTION. When the price falls and then rises temporarily, this movement can be just a relief within a downtrend, known as a pullback or technical rebound. This type of behavior is common in downtrends.
For those who want to enter#SOLor buy more, this can be a positive point. Going back down, wait for the best moment. Got it? Write it down!
The indicators are still halfway, which means the market remains undecided. Don't worry!
I'll repeat: SOLANA is one of the best coins in the crypto market. What it did in one year, BTC and ETH took a decade to achieve. Know how to observe opportunities. Some only knock on our door once. And be careful with this thing of selling your positions. Analyze calmly.
Support: 129 STRONG Resistance: 183
SOLANA WILL STILL SEARCH FOR SURREAL MOVIES AND I'M NOT TALKING ABOUT ALTSEASON, I'M TALKING ABOUT MUCH MORE. DON'T LISTEN TO THOSE WHO ONLY COMPLAIN... FOCUS ON YOUR OBJECTIVE AND TRUST IN YOUR OPERATION. OBVIOUSLY WITH RISK MANAGEMENT.
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