- Solana broke resistance zone
- Likely to rise to resistance level 176.45
Solana cryptocurrency recently broke the resistance zone between the key resistance level 145.75 (top of the previous correction A from March) and the 61.8% Fibonacci correction of the downward impulse from last month.
The breakout of this resistance zone accelerated the active impulse wave C, which belongs to the ABC correction (2) from the start of April.
Given the bullish sentiment across the cryptocurrency markets today, Solana can be expected to rise toward the next resistance level 176.45 (former strong support from December to February).
- Likely to rise to resistance level 176.45
Solana cryptocurrency recently broke the resistance zone between the key resistance level 145.75 (top of the previous correction A from March) and the 61.8% Fibonacci correction of the downward impulse from last month.
The breakout of this resistance zone accelerated the active impulse wave C, which belongs to the ABC correction (2) from the start of April.
Given the bullish sentiment across the cryptocurrency markets today, Solana can be expected to rise toward the next resistance level 176.45 (former strong support from December to February).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.