Looking at the chart, today’s rebound also coincided with the 14-day relative strength index bouncing from a support point of its own.
The RSI climbed from its floor of 48.10, and as of writing, is now tracking at 52.61, which is below a ceiling of 56.30. Should bulls look to reenter the $40.00 region, the RSI will need to move beyond the upcoming resistance level.A day after trading at a three-week high, solana also remained below $40.00 during today’s session.This drop sees a seven-day winning streak snapped, with prices now trading close to a one-week low.Wednesday’s drop sees SOL move close to its long-term support point of $32.70, which has historically been a bullish zone.
History has so far repeated itself, with bulls reentering the market, moving solana away from earlier lows. If these bulls are to remain in the market, their next price target will likely be a ceiling of $36.20.Tags in this story
I believe in the success of this project. I think pump will be in the near future. I continue to spend usdt to buy this project
Bull trap
piyasa aldı başını gidiyor tabiki
It is not clear at all what exactly will happen after the merge.
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