SOLANA (SOLUSDT) LONG POSITION TECHNICAL ANALYSIS

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Trade position: LONG
Entry price: $20.561
Target I: $31.474, target II: $35.885, target III: $40.064
RSI: close to <30

In the last days, the price dropped below the lower band of the Keltner channel, but did not hit the upper boundary of the Keltner channel. There are a series of negative funding rates since mid-May 2021, and similarly to the other coins always when we have built a solid base we had impulsive move to the upside. Moreover, the RSI value is close to 30, meaning that the cryptocurrency is approaching oversold level which could be a good moment to enter the long position.

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