LeonardoDigital
Apasionado por la innovación y la tecnología Brockchain. Entusiasta en el mundo de la criptomonedas con un enfoque en la descentralización.
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and ask me a question after that drop can it reach more than 300
$SOL Technical Analysis: Key Levels to Watch
Currently, Solana ( $SOL ) is trading around $192.32 on Binance, showing signs of a potential reversal after hitting a low of $188.78. The chart indicates a developing W pattern, a classic bullish reversal signal.
Key Resistance & Breakout Level: $193.48
If $SOL breaks above $193.48 with strong volume, it could confirm the W pattern and trigger a rally towards $198.
This level aligns with previous resistance, making it a crucial breakout point.
Support & Downside Risk: $189
If sol fails to sustain above $193.48, it may retrace back to $189 or even retest the $188.78 low.
Weak buying pressure or rejection at resistance could lead to further downside.
Indicators to Watch
Volume Surge: A breakout must be backed by high volume for confirmation.
RSI (50.75): Neutral zone, suggesting room for both upside and downside moves.
Moving Averages: MA(7) at $191.28 and MA(99) at $194.09 show consolidation near key levels.
Conclusion
Traders should watch for a confirmed breakout above $193.48 for a potential move to $198. If rejection occurs, SOL may drop towards $189. The next few 15-minute candles with volume will be crucial in determining the direction.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk, and past performance does not guarantee future results. Always conduct your own research and consult a financial advisor before making any investment decisions.
Currently, Solana ( $SOL ) is trading around $192.32 on Binance, showing signs of a potential reversal after hitting a low of $188.78. The chart indicates a developing W pattern, a classic bullish reversal signal.
Key Resistance & Breakout Level: $193.48
If $SOL breaks above $193.48 with strong volume, it could confirm the W pattern and trigger a rally towards $198.
This level aligns with previous resistance, making it a crucial breakout point.
Support & Downside Risk: $189
If sol fails to sustain above $193.48, it may retrace back to $189 or even retest the $188.78 low.
Weak buying pressure or rejection at resistance could lead to further downside.
Indicators to Watch
Volume Surge: A breakout must be backed by high volume for confirmation.
RSI (50.75): Neutral zone, suggesting room for both upside and downside moves.
Moving Averages: MA(7) at $191.28 and MA(99) at $194.09 show consolidation near key levels.
Conclusion
Traders should watch for a confirmed breakout above $193.48 for a potential move to $198. If rejection occurs, SOL may drop towards $189. The next few 15-minute candles with volume will be crucial in determining the direction.
Disclaimer
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk, and past performance does not guarantee future results. Always conduct your own research and consult a financial advisor before making any investment decisions.
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Solana will increase if my calculations are correct, in 3 months it will reach around 450.
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#solana Cryptocurrencies incorporate principles of cryptography to implement a distributed, decentralized, and secure information economy. We are on a good path.
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I think the same thing that is happening could it shoot off at any moment or could it happen?
Does anyone know what's going on??????
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$VTHO community as you see for this year this currency will it be able to be better than the Pepe
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If Trump remains an influential figure within politics or social movements, his cryptocurrency could remain relevant in certain circles.
#TRUMPOnBinance From an economic perspective, this currency could be seen as an alternative for those who do not fully trust traditional banking systems, creating a decentralized option. Furthermore, this type of initiative has the potential to challenge the dominance of large banks and financial institutions, by offering a more accessible and transparent option.
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#TRUMPOnBinance ! Celebrating a great step in my journey with cryptocurrencies! 🚀 learning every day 🥹 starting with 11 dollars
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How is that, explain it to me
Guys $1DOLLAR JUST GOT 3000% I bought this coin with 300% it went up relentlessly
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#TRUMPOnBinance From an economic perspective, this currency could be seen as an alternative for those who do not fully trust traditional banking systems, creating a decentralized option. Furthermore, this type of initiative has the potential to challenge the dominance of large banks and financial institutions, by offering a more accessible and transparent option.
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