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Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday December 06, 2024.
Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday December 06, 2024.
Crypto-currencies
2024-12-06 06:16:15
If we look at the 4-hour chart of the Solana cryptocurrency, it seems that the dominance of Buyers is very dominant, which can be seen from the Failing Wedge Pattern which was successfully broken upwards and the formation of the Bullish 123 pattern followed by two Ross Hooks (RH) plus the movement of Solana's price which is above the WMA (30 Shift 2) which is followed by the appearance of hidden deviations between the movement of Solana's price and the Stochastic Oscillator indicator where the movement of Solana's price is also moving harmoniously in the Bullish Pitchfork channel, all of this provides clues and confirmation that in the near future it has the potential to continue strengthening even if there is a potential for a weakening correction, but as long as it does not break and close below the 212.10 level, Solana will continue to strengthen to the 260.83 level as its main target and if momentum and volatility also support it, 274.26 will be the next target to be aimed of.
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