Solana: Short-Term Downtrend Over
Solana finished five waves down to $169 from its local peak of $205. The old support highlighted in green held and now we are in a counter uptrend. Previously, price hovered in a range between $169 and $187. Will it do it again? I'm not sure, I think it could reach the smaller resistance at $182. We will see how this plays out but I don't expect a new low, at least not until 2022.
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