Solana (SOL): Middle Line Of Bollinger Bands (DROP?)
Updated
Solana Coin has been on our radar for some time now, so here is a quick update on the current situation:
The focus is on the middle line of the Bollinger Bands; a breakdown here could be the start we've been waiting for. Such a move would provide the clarity needed to determine whether we’re heading towards a more substantial downtrend. We remain open-minded, ready to respond to a confirmed move to reclaim lower price zones, with eyes peeled for any shift in momentum that could signal an opportune moment to act.
The focus is on the middle line of the Bollinger Bands; a breakdown here could be the start we've been waiting for. Such a move would provide the clarity needed to determine whether we’re heading towards a more substantial downtrend. We remain open-minded, ready to respond to a confirmed move to reclaim lower price zones, with eyes peeled for any shift in momentum that could signal an opportune moment to act.
Note
We Need To See Clear Breakdown From This Zone For Further Potential Drop Here!
Note
Keeping an eye on the potential short squeeze near the upper side of Bollinger Bands path
Note
Although the price of Solana is showing some strength here, being above the middle line of Bollinger Bands, we are closely monitoring for any kind of signs of weakness near current zones!
Note
We see that the price has stopped the movement towards the "Liquidity Zone." Price got stopped by the upper line of Bollinger Bands Path, which is giving a good potential for price to reach the neackline zone.
Once we see prices near the neckline zone, we will look again at price action near that zone!
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