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Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday November 22, 2024.
Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday November 22, 2024.
Crypto-currencies
2024-11-22 04:49:10
From what we see on the 4-hour chart, the Solana cryptocurrency looks like that Buyers are still dominating, where this can be seen from the EMA 21 which is still above the EMA 34, especially after testing the Bullish Fair Value gap level which functions as a fairly good Support area level, giving Solana a strengthening momentum to rise where the 257.48 level will be tested and if this level is successfully broken and closes above it, it will provide a potential opportunity for strengthening of this cryptocurrency to the 282.68 level as its main target and if the momentum and volatility support it, 307.88 will be the next target to be targeted, but please note that the Stochastic Oscillator indicator is above the Overbought level and has now Crossed SELL, then there is a potential for a weakening correction to occur, but as long as it does not break and close below the 209.97 level, the strengthening of Solana will continue.
(Disclaimer)
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