#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصاد_رقمي #wct $XRP
Solana's stock has dropped to $136, with the next target in the range.
Bollinger's middle at $186.74.
The price bounced from the lower Bollinger support level at $122.92, maintaining its position above that.
The Chande Momentum Oscillator reading of -63.43 indicates an oversold condition in the market.
The price of Solana dropped by 4% over the past twenty-four hours to reach $136, targeting the mid-Bollinger range resistance. Support levels have remained firm after their recent bounce.
Technical indicators suggest a resistance level at $186.
The price of Solana bounced from the lower Bollinger range at $122.92, forming a potential support area. If the currency maintains its position above this level, it may generate upward momentum toward the mid-Bollinger range at $186.74. This level represents immediate resistance for Solana's price movement.
The upper Bollinger range currently sits at $250.59 and forms the next resistance barrier above the middle range. Breaking through the $186.74 level will require continued upward movement toward this higher target.
The Chande Momentum Oscillator shows a reading of -63.43, placing the currency in the oversold zone. The CMO indicator at -63 indicates a price decline during the measured period with continued selling pressure throughout this time. If the CMO starts to rise from -63, it may suggest a potential reversal or weakness in the downtrend as the market gains upward momentum.
Data from Solana's futures flow reveals a divergence in sentiment across different time frames. Long positions increased by 94.57% over the past four hours, indicating renewed buying interest. However, the overall shift in long positions remains slightly negative, indicating caution among traders.
Short positions have a marginal advantage over long positions, although this relatively small gap indicates a balance between bullish and bearish forces in the short term. During the eight-hour period, long positions increased by 15.21%, although overall sentiment remains cautious, with short positions maintaining their dominance.
A combination of technical indicators shows mixed forecasts. The bounce from the lower Bollinger support and increased buying activity suggests a potential upward movement. However, the CMO reading in the oversold zone and the balance of futures sentiment indicate that traders are still cautious about the trend in the near term as SOL approaches the resistance level at $186.74.$SOL
