Despite the strong movement in the monthly timeframe, solana seems to want to cool off a little bit before a continuation and in the weekly timeframe is showing several bearish divergences for almost the entire year of 2024.
So in resume solana could retrace around the $200 level initially and the last downside target will be between $180 to $160 , with various confluences wvap, fibonacci levels and the strong weekly bearish divergences and the retest of the bull flag.
So in resume solana could retrace around the $200 level initially and the last downside target will be between $180 to $160 , with various confluences wvap, fibonacci levels and the strong weekly bearish divergences and the retest of the bull flag.
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Solana got -6% move and now seems to have found an strong support at $215 and is showing momentum to the upside with bullish divergences in the lower timeframes if the 4h timeframe closes above $230 it could reach the highs again.Заметка
i think this region between $160 to $180 will be a great opportunity to accumulate solana.
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