03.05.202405:46 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday May 03 2024.

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On the 4 hour chart of Solana cryptocurrency, although MA 20 is below MA 200 which indicates that those cryptocurrency is in the seller pressure but with the price movement that successfully broken above MA 20 gives the clue that in the near future Solana has the potential to corrected strengthen to the level 144,67 as the main target and if the momentum as well as the volatility is supporting, then the level 149,31 will be the next target to be aimed next. But if on the way to those level targets suddenly Solana return to the initial bias, especially if it breaks below the level 128,26, then all the strengthening scenario that has been described will become invalid and will automatically cancel itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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