Solana

SOL Current Downtrend Channel Placed Itself Just Above Last High

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The red downtrend channel has formed above the process continuing from the $194 high area. The price has been using this channel since it rose from the $110 area.

However, in the last 2 days, the price has reached the upper area of ​​the channel again and if it is rejected as before, it will accelerate the downward momentum by following the blue channel below and move to the $115 area.

But if it breaks the area it is currently stuck in, it will follow the green arc and move to the $180 area. In both cases, the breakout seems very close.

Penafian

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