$SOL SECURE OS US$ 120 โ PREPARING A NEW MOVE? ๐
Solana continues to show strength on the daily chart. After a strong rebound, breaking out of the US$ 70 area, the asset reached US$ 124.95 and is now consolidating near recent highs.
๐ The daily chart shows:
๐ธ Price: US$ 121.18
๐ธ Recent high: US$ 124.95
๐ธ MA7: US$ 119.88
๐ธ MA25: US$ 110.90
๐ธ MA99: US$ 89.61
๐ธ 30 days: +21.30%
๐ธ 90 days: +47.51%
An interesting point is the moving-average structure: MA7 is above MA25, and MA25 is above MA99, while the price remains above all three.
Now the US$ 124โ125 area deserves attention. ๐ A breakout of that high accompanied by rising volume would signal renewed buying strength.
On the other side, US$ 116โ120 is an important zone to watch if a correction appears.
๐ฅ After rising almost 70% from the US$ 72 area, SOL has not given back the move and continues to consolidate near the top.
$SOL is just catching its breath before it attempts to break above US$ 125? ๐๐
#SOL #Solana
Solana continues to show strength on the daily chart. After a strong rebound, breaking out of the US$ 70 area, the asset reached US$ 124.95 and is now consolidating near recent highs.
๐ The daily chart shows:
๐ธ Price: US$ 121.18
๐ธ Recent high: US$ 124.95
๐ธ MA7: US$ 119.88
๐ธ MA25: US$ 110.90
๐ธ MA99: US$ 89.61
๐ธ 30 days: +21.30%
๐ธ 90 days: +47.51%
An interesting point is the moving-average structure: MA7 is above MA25, and MA25 is above MA99, while the price remains above all three.
Now the US$ 124โ125 area deserves attention. ๐ A breakout of that high accompanied by rising volume would signal renewed buying strength.
On the other side, US$ 116โ120 is an important zone to watch if a correction appears.
๐ฅ After rising almost 70% from the US$ 72 area, SOL has not given back the move and continues to consolidate near the top.
$SOL is just catching its breath before it attempts to break above US$ 125? ๐๐
#SOL #Solana