$SOL
In the last update for solana, the breakout after the range was talked about and we also mentioned that $81-$83.6 can be retraced back to.
Now after two weeks, we are seeingg price being exactly at that level, and some thought this will not happen.
The chart is up 20% since the last update, and is now at the rejection area, but the point is: will it get rejected?
In my opinion, it should. The volume is fine, the relative approach is explosive but not explosive enough that it can flip this level in this swing.
So, retracement till $70 is likely, but it should flick above $85 before anything
In the last update for solana, the breakout after the range was talked about and we also mentioned that $81-$83.6 can be retraced back to.
Now after two weeks, we are seeingg price being exactly at that level, and some thought this will not happen.
The chart is up 20% since the last update, and is now at the rejection area, but the point is: will it get rejected?
In my opinion, it should. The volume is fine, the relative approach is explosive but not explosive enough that it can flip this level in this swing.
So, retracement till $70 is likely, but it should flick above $85 before anything