Solana Price Presents Buy Opportunity Before SOL Bulls Prepare for 30% Rally

Solana Price Presents Buy Opportunity Before SOL Bulls Prepare for 30% Rally

Solana Price Presents Buy Opportunity Before SOL Bulls Prepare for 30% Rally

By Sarah Tran | FXStreet

– Solana price has presented a long opportunity as it slid lower toward a crucial line of defense.
– A key technical indicator suggests that SOL has formed a local bottom.
– If bullish sentiment continues to increase, Solana price may eventually reach $130.

Solana price has presented a buy opportunity as it dropped to a critical level of support before resuming its prevailing uptrend. The Ethereum-killer is preparing for a major rally toward $130 as a technical indicator suggests that SOL may have just formed a local bottom.

Solana bulls target $130 next

Solana price has formed an ascending parallel channel on the 12-hour chart, suggesting a bullish outlook for SOL. The Ethereum-killer recently slid toward the lower boundary of the governing technical pattern which acted as a reliable foothold.

The Momentum Reversal Indicator (MRI) has recently flashed a bottom signal, suggesting that Solana price is preparing to reverse the period of underperformance.

The first obstacle for Solana price will emerge at the 50 twelve-hour Simple Moving Average (SMA) at $104, coinciding with the 38.2% Fibonacci retracement level.

Additional hurdles may appear at the middle boundary of the governing technical pattern at $108, intersecting with the 21 twelve-hour SMA, then at the 50% retracement level at $112.

An additional spike in buy orders may push Solana price higher toward the 61.8% Fibonacci retracement level, coinciding with the resistance line given by the MRI at $119.

SOL/USDT 12-hour chart

If buying pressure continues to increase, Solana price will eventually reach the bullish target at the upper boundary of the prevailing chart pattern at $130, where the 78.6% Fibonacci retracement level also sits.

However, if a spike in sell orders occurs, Solana price will once again retest the 23.6% Fibonacci retracement level as support at $95, then at the lower boundary of the governing technical pattern at $93.


Editor’s Note: 

New Global Currencies

New Resistance Global Currencies that support Independent Media and are against the “Great Reset” –

Our World Coin, a force for good and a peaceful revolution, is built to save humanity from the Globalists deadly Great Reset Totalitarian Agenda.

Bitcoin 2.0 is a new cryptocurrency that is looking to innovate the Global Payment System. It is backed by real value in independent media news sites & networks.

Truth Coin, a platform that’s free from Globalists’ control, and will not support the Great Reset Agenda or the vaccine digital passport. This enables everyone to support and benefit from building a better world, by the people for the people, a force for good.

Original Source:

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Comments

03 Feb 23
Therefore, diabetes is now thought-about a coronary heart disease equal when assessing threat even if the affected person has not had any previous cardiac symptoms. The biceps ten- don, the sole hamstring on the lateral side of the knee, Semimembranosus Tendon. In se- sustained tonsillar herniation, the cerebellar vere instances, the pituitary stalk could even turn into tonsils are sometimes found to be necrotic because of partially avulsed, inflicting diabetes insipidus, their impaction in opposition to the unyielding edge and the diencephalon might buckle against the of the foramen magnum birth control pills 2016 generic levlen 0.15 mg. Larger lymph vessels Lymph vessels are sometimes found working alongside the arteries and veins serving the realm. This leads to elevated thrombin era and a gentle, hypercoagu- lable state reflected by elevated levels of prothrombin fragment F1+2 and different activated coagulation markers. Birth Defects Res A Clin Mol network topology reveals transcriptional regulatory signatures of type Teratol 2010;88(2):111–27 medications for high blood pressure dilantin 100 mg generic on line. C-Scan A strongly targeted transducer scans a four cm sq. aperture by which eye is placed in the centre. Symptomatic dengue most commonly presents as a light to moderate, acute, febrile sickness with headache, retro-orbital pain, generalized myalgia and arthralgia, anorexia, stomach pain, nausea and a rash. Because youngsters and adolescents typically don't control their residing environment and discarding behaviors, the attainable intervention of third events women's health clinic kearney ne lady era 100 mg generic with visa. When the hemangioma is positioned in touch with the diaphragm it can generate a �mirror� impact that results in a copy of the image within the lung parenchyma. Naltrexone, an opioid ing indicators of alcohol withdrawal, manifested by receptor antagonist, is used to treat opiate advert tachycardia, fever, nausea, vomiting, tremors, diction. Nutrition: is the sum complete of the process by which living things obtain and utilize the required materials for survival, progress and maintenance of worn out tissues schedule 8 medicines purchase 75 mg prothiaden amex. Patients with brief residual bowel (quick-bowel syn drome), and particularly immediately after surgical re moval of bowel segments, ought to drink especially be tween meals so as not to overload the bowel. Dermatomyositis (see Chapter 20) or the occur in patients with myelogenous leukemia and could also be Lambert-Eaton myasthenic syndrome (discussed below) found in affiliation with metastatic tumors, particularly could also be seen in sufferers with underlying carcinoma. There are several from the extension of an anterior adenomyoma, the anterior reports on the high effcacy of laparoscopic partial cystectomy uterine wall is infolded across the nodule and the bladder may in relieving signs, bettering quality of life, and stopping be adherent to the uterus as excessive up because the uterine fundus medications with acetaminophen 20 mg vastarel order. Aktive und inaktive Endometriose � eine Diagnostik und Therapie aus ganzheitsmedizinischer Sicht. As a end result, Hb F ( ) synthesis continues2 2 postnatally at a high level and compensates for the absence of Hb A. Notice of Publication