SOLANA forming a bearish divergence. Imminent correction ahead?
In the last weeks SOLANA showed a huge growth thanks to the DeFi and the NTF mania.
The 4h and 1D charts show the formation of a bearish divergence.
On the 1D chart the RSI is on the oversold zone since the 14th of August.
In every healthy growth of a crypto a retracement is necessary to reach new heights and I expect SOLANA to retrace more sooner than later with a 20 to 30% drop.
What's your guess?
*Not a financial advice*
The 4h and 1D charts show the formation of a bearish divergence.
On the 1D chart the RSI is on the oversold zone since the 14th of August.
In every healthy growth of a crypto a retracement is necessary to reach new heights and I expect SOLANA to retrace more sooner than later with a 20 to 30% drop.
What's your guess?
*Not a financial advice*
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