Solana - Weekly Technical Update

Price Action Summary:

• Successfully met our weekly expectations following a minor correction
  
• Broke both local trendlines and the weekly pivot point
  
• Reclaimed position above weekly pivot during the bullish MA crossover (optimal long entry per plan)
  
• Currently trading slightly above second monthly target at $175.9
  
• Third weekly target remains active while price holds above $168.3
  

Technical Observations:

1 Momentum Warning Signs:

• Trend weakening (declining ADX)
  
• Bearish RSI divergence forming
  

2 Key Levels:

• Upside: Weekly target continuation above $168.3
  
• Downside: Potential correction if divergence confirms