Technical Analysis News Update, Solana SOL Price Today 12 July 2023

x3-comments (67)in #sol • 10 months ago

Hello Everybody Welcome to my blog. Today we are going to talk about the Solana (SOL) Price Quick updates

Solana had a nice moment up went from 13 USD up to almost 2019.96 or 19.99 so we almost hit 20 but we are right now at very strong resistance and as you can see these are 12-hour candles one two three four five six seven eight eight times on 12-hour candles it means four days we try to break it and you know there is no close candle about this important level 19.35 19.35 is strong resistant because it used to be average support in end of the May really at the beginning of the may also but we broke it we confirm it as our resistance and the price really went quickly down and also in March it was our support and may also on March 16th of the March we had some null moment down and the price when the Solana went Above This resistance was in the January mid of the January and from the debate we had a bow but from the exactly from the 7th of the June we went below 19.35$

we are trying for four days or 8 12-hour candles to break it and it doesn't look good right now at this moment the Solana is going to break it and we will see the movement up it's beginning and when you're seeing this red one waves first second third part and probably the fifth which is coming inside of this Wave by waves of always still right now we had like ABC moments in each wave, therefore, I expected really this is the end of the wave or and we will see the rejection from this resistance and the price will go again down

I expected this is the end of the wave or we will see the rejection from this resistance and the price will go again down I expect to come to around 8 USD this was the price on the 29 of December noted the majority of people will not agree with this statement but if we will break this one and we're gonna go about 22.40 then I will change my opinion about the last like down so my expectation is something like this become this range around abused but this is the bearish scenario according to the moment which we can see right now

If the price will continue and we will break this level of 21.53 and we're gonna go above this point which is at 22.34 it means that wave 5 is not going to be wallet because we're gonna be above this one b and the price will go rise to 23.84 so that's all, for now, that's my expectation, of course, this is not Financial advice probably the majority of you are bullish I'm not bullish right now I will be bullish if we will go above I told you this range then I will change my opinion and yes I will be bullish but right now we are already fora long time trying to break it we didn't I expect rejection pullback movement down probably to 15 or 16 some no bows but I expect to really go to visit this level from the beginning of this year guys thank you for watching I hope you like