Solana (SOL) has gained 12.1% over the past week amid stabilizing market sentiment, reaching $150.51. Despite this, a notable trader signals a possible short-term decline below $146 due to exhaustion in the current uptrend and a TD Sequential sell signal on the 4-hour chart. Increased trading volume and Fibonacci retracement levels suggest potential drops toward $140. However, mid-term indicators such as EMAs and key support at $140 point to a likely rebound and continued bullish momentum. Concurrently, the new project SUBBD nears $1 million in fundraising to launch a decentralized content platform, further signaling positive ecosystem developments. Overall, Solana’s short-term volatility contrasts with a promising mid to long-term outlook.
Continue to read Solana Price Analysis: Is a Drop Below $146 Imminent Amid Trend Reversal Signals?
Solana (SOL) has gained 12.1% over the past week amid stabilizing market sentiment, reaching $150.51. Despite this, a notable trader signals a possible short-term decline below $146 due to exhaustion in the current uptrend and a TD Sequential sell signal on the 4-hour chart. Increased trading volume and Fibonacci retracement levels suggest potential drops toward $140. However, mid-term indicators such as EMAs and key support at $140 point to a likely rebound and continued bullish momentum. Concurrently, the new project SUBBD nears $1 million in fundraising to launch a decentralized content platform, further signaling positive ecosystem developments. Overall, Solana’s short-term volatility contrasts with a promising mid to long-term outlook.
Continue to read Solana Price Analysis: Is a Drop Below $146 Imminent Amid Trend Reversal Signals?
Yorumlar
Yorum Gönder