empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

22.11.202406:49 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday November 22, 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.

Exchange Rates 22.11.2024 analysis

From what we see on the 4-hour chart, the Solana cryptocurrency looks like that Buyers are still dominating, where this can be seen from the EMA 21 which is still above the EMA 34, especially after testing the Bullish Fair Value gap level which functions as a fairly good Support area level, giving Solana a strengthening momentum to rise where the 257.48 level will be tested and if this level is successfully broken and closes above it, it will provide a potential opportunity for strengthening of this cryptocurrency to the 282.68 level as its main target and if the momentum and volatility support it, 307.88 will be the next target to be targeted, but please note that the Stochastic Oscillator indicator is above the Overbought level and has now Crossed SELL, then there is a potential for a weakening correction to occur, but as long as it does not break and close below the 209.97 level, the strengthening of Solana will continue.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off