Solana continued A fluctuation between the budget and the scourge With no specific break in a specific direction. Amid this, there were re -tests for each of the resistance and support levels without any result, and this has contributed to the formation of the head and shoulders style. With this development, the Solana price is now looking at one of the potential directions, both of which can carry significant effects on investors in Altcoin.
Solana pattern can lead a head and shoulder to a gathering
Melicatradir encryption analyst Indicate Solana has completed the formation of the head and shoulders on the graph for one day. This configuration can go in any of the two directions, but for Solana specifically and how the price he was working in it was recently, it may indicate a more difficult movement than the declining movement.
After completing the left, right and head shoulders, the price is now looking towards the neck line as the following determination. This neckline, as defined by the encryption analyst, was broken, after the price dropped to less than the level of $ 160. What can happen after here is that the Solana price can move up to re -test this neckline again. Be able to restore it Directing a bullish trend and start moving about 200 dollars.
There is also a trend line that indicates that Solan price It can be in an upward direction. To date, there have been the lowest multiple levels, its presence is still optimistic for Altcoin regardless of the current market morale. If this continues, the possibility of continued ascending becomes higher.
The analyst also explains that taking into account the formation of the head, shoulders and the fracture of the fracture, it is more likely that the price is released from here. The target is placed at 219.84 dollars, as long as the momentum carries. Otherwise, there can be huge effects on the cryptocurrency.
“Based on style and technical analysis, The potential goal of the price “It may be about 219.84 dollars, as shown in the square in the upper right corner,” the analyst explained.
The reverse scenario will be the position in which the price failed to withstand the neck line. The reflection here may lead the Solana price to find the most bound points at low support levels. Amidst these, the support level will be $ 136.34 that must be seen in the state of a landmark, because it will provide the greatest opportunity to buy.
Distinctive image from Dall.e, Chart from TradingView.com
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