Solana

Will Solana experience a major correction again?

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Hello everyone, let's look at the 1D SOL to USD chart, in this situation we can see how the price is moving in the formed downward channel, where the price is currently recovering again.

Let's start by defining the targets for the near future that the price has to face:
T1 = 133 USD
T2 = 145 USD
Т3 = 155 USD
Т4 = 167 USD

Now let's move on to the stop-loss in case the market continues to fall:
SL1 = 121 USD
SL2 = 111 USD
SL3 = 103 USD
SL4 = 95 USD

If we look at the RSI indicator, we can see how the movement is constantly moving in the lower part of the range, where we have another downward bounce, and here we can see how we are approaching a test of the local uptrend that is close to breaking.

Penafian

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