29.07.202404:14 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday July 26, 2024.

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.

If we look at the 4-hour chart, the Solana cryptocurrency seems to still be moving in a strengthening condition even though there is currently a weakening correction but is stuck at the Bullish Fair Value Gap level which functions as a significant support level, so in the near future as long as there is no weakening that breaks below the 162.50 level, Solana will strengthen again where this has also been confirmed by the appearance of hidden deviations and the Descending Broadening Wedge pattern so that Solana will try to strengthen to the 182.53 level.

(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