Given the strength of the nearby resistance level and the resumption of the bearish sentiment seen across the cryptocurrency markets today, Solana cryptocurrency can be expected to fall to the next support level 76.15 (which has been reversing the price from the start of February).
- Bitcoin reversed from key support level 63350.00
- Likely to rise to resistance level 70000.00
Solana cryptocurrency recently reversed from the resistance area between the round resistance level 90.00 (upper border of the sideways price range inside which the price has been moving from the start of February, as can be seen from the daily Solana chart below), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from the end of January. The downward reversal from this resistance area is aligned with the clear daily downtrend.
Given the strength of the nearby resistance level and the resumption of the bearish sentiment seen across the cryptocurrency markets today, Solana cryptocurrency can be expected to fall to the next support level 76.15 (which has been reversing the price from the start of February).
Solana Technical AnalysisThe subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.
The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.
