In August, the whales are buying the Sultanate currency and preparing for its rise to a significant height for speculation. This is the process of whales, companies, and institutions like Galaxy.
Post
Dilmi Nefidsa
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Solana's stock is facing rejection near the resistance area between $240 and $242, showing signs of exhaustion after its recent upward rise. The sell setup is increasing with weakening momentum, opening the door for a correction towards lower support levels.
Target 1: $232
Target 2: $225
Target 3: $219.5
Key levels:
Resistance: $240 - $242
Support: $232 / $225 / $219.5
Market outlook:
As long as the price remains below $242, the bearish pressure will persist in the short term. A drop below $232 will accelerate the move towards $225 and $219.5. Bulls need a strong close above $242 to invalidate this setup.
Target 1: $232
Target 2: $225
Target 3: $219.5
Key levels:
Resistance: $240 - $242
Support: $232 / $225 / $219.5
Market outlook:
As long as the price remains below $242, the bearish pressure will persist in the short term. A drop below $232 will accelerate the move towards $225 and $219.5. Bulls need a strong close above $242 to invalidate this setup.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.