After escaping from its downtrend, Solana entered into a pullback which is now testing the breakout point found at $19. So long as this holds, the bias on is bullish and SOL also managed to close the week with a 2.7% increase.
Buyers appear to be returning to Solana, but they have to hold the price above $19, otherwise sellers could take back control. The resistance at $20 also proved too difficult to break on the first attempt.
Looking ahead, Solana has a good opportunity to return on a sustained uptrend. The most important leves at this time are $20 and $22.
Note
Triple Zigzag PatternsOrder cancelled
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.