3 min readSOLANA (SOL/USD):
Solana is showing signs of extending its short-term rejection from the previously identified resistance zone, which aligns closely with its prior all-time highs.
A closer analysis of the technicals reveals that if the price continues to move lower, key areas of interest align with the 50% Fibonacci tool level. Additional confluences include the daily 50 EMA, which perfectly coincides with a potential rebalancing zone. Meanwhile, the RSI indicator is currently hovering near the neutral 50% level, suggesting balanced momentum.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
