31.03.202308:27 Forex Analysis & Reviews: Technical Analysis of Daily Price Movemet of Solana Cryptocurrency, Friday March 31, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On the daily chart, the Solana Crypto currency appears to be moving in a Sideways condition, this is confirmed by the EMA 21 which has been moving in the middle of the body of the candle in recent days, however, the appearance of the Ascending Broadening Wedge pattern confirms that in the next few days the currency This Solana crypto has the potential to depreciate down to the 18.48 level as its first target and if the momentum and volatility are strong enough then it is not impossible that the 15.11 level will be the next target to try but please also pay attention if there is an upward correction movement that exceeds the 23.08 level because if If this level is successfully exceeded, it is highly probable that the decline scenario previously described will become invalid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex

Download MetaTrader 4 and open your first trade