Solana’s False Breakout: Is the Rally Over?
On August 14, Solana tried to break above its previous high, but the move turned out to be a false breakout. The price quickly dropped to 180.80 within just three days.
It seems the bullish momentum is fading for now.
I believe the most Solana might do is retest the 187.50–191.50 zone before heading lower.
Based on the chart, the next support levels are around 174.80 and 160.
There's a chance it could fall even further, but that third target is more of a long-term scenario and will need to be reassessed in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
On August 14, Solana tried to break above its previous high, but the move turned out to be a false breakout. The price quickly dropped to 180.80 within just three days.
It seems the bullish momentum is fading for now.
I believe the most Solana might do is retest the 187.50–191.50 zone before heading lower.
Based on the chart, the next support levels are around 174.80 and 160.
There's a chance it could fall even further, but that third target is more of a long-term scenario and will need to be reassessed in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
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.