07.06.202406:35 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday June 07 2024.

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On the 4-hour chart of the Solana Crypto currency, it can be seen that the price movement is below WMA 20 and the Awesome Oscillator indicator also shows a weakening of momentum as indicated by the appearance of more than 3 red bars so based on this fact in the near future Solana has the potential to experience weakening at the level of 167.60 It will be tried to be tested if it turns out that this level is strong enough to withstand Solana's weakening rate thereby causing a strengthening correction as long as the strengthening does not penetrate above the 174.38 level. Solana will weaken again down to the 165.50 level as its main target and if the momentum and volatility are supportive then the 161.50 level will be the next target to be aimed at.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

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