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Weekly forecast Solana technical chart
Symbol SOLUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJanuary 22, 2023 - 16:51
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 25.85, continuation of downtrend is expected.
  • We make sure when the support at 8.00 breaks.
  • If the resistance at 25.85 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 30 on 2022-08-29 and the trough at 26.84 on 2022-10-21, the probability of downtrend continuation is decreased and the probability of beginning the correction wave is increased.
  • A trough is formed in daily chart at 8.00 on 12/29/2022, so more gains maximum to Major Resistance (25.85) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 71.

Symbol Released Current Forecast
Solana (SOLUSD) free Fri, 22 Mar 2024
Solana (SOLUSD) Mon, 18 Mar 2024
Solana (SOLUSD) free Sun, 10 Mar 2024
Solana (SOLUSD) Mon, 4 Mar 2024
Solana (SOLUSD) Sun, 25 Feb 2024