3 min readSOLANA (SOL/USD):
Solana, another altcoin, has experienced significant price declines during the festive season. It is currently trading at slightly above $190.00.
A closer examination of the technicals reveals a clear pattern of price being trapped between both the internal ascending and descending trend lines. If the price continues to move lower, I’m particularly interested in observing how it reacts to the internal ascending trend line. This trend line aligns with the resistance area we previously broke above, which is now serving as a support level.
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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.
