I've been asked: Will Solana continue lower?
I think it is a fair question but it is also pretty hard right now to say based on the chart, there are just too many mixed signals.
For example, if we take Solana in relation to Bitcoin, it is trading daily below EMA55 and MA200, while Bitcoin is trading daily above these levels. Bitcoin hit recently a new all-time high while Solana only produced a small recovery in May.
When it comes to the chart signals, SOLUSDT produced a volume breakout on the bearish side and the support zone was completely challenged on a single candle. What's more, Solana will grow really strong later this year, so it would be normal to see as much bearish action as possible now because later we will have sustained long-term growth.
It is a coin flip, but if you ask me, it can go a bit lower before moving up. It can go lower to end up producing a higher low.
I will wait for clear reversal signals before going LONG.
I closed all my LONGs a while back, when it became clear that the market was going into correction. Now we can just wait easily and patiently until the correction unravels, after the correction comes a new wave of growth. Down and up, down and up... The market continues to cycle. Never straight down, never straight up. It moves in waves.
Namaste.
I think it is a fair question but it is also pretty hard right now to say based on the chart, there are just too many mixed signals.
For example, if we take Solana in relation to Bitcoin, it is trading daily below EMA55 and MA200, while Bitcoin is trading daily above these levels. Bitcoin hit recently a new all-time high while Solana only produced a small recovery in May.
When it comes to the chart signals, SOLUSDT produced a volume breakout on the bearish side and the support zone was completely challenged on a single candle. What's more, Solana will grow really strong later this year, so it would be normal to see as much bearish action as possible now because later we will have sustained long-term growth.
It is a coin flip, but if you ask me, it can go a bit lower before moving up. It can go lower to end up producing a higher low.
I will wait for clear reversal signals before going LONG.
I closed all my LONGs a while back, when it became clear that the market was going into correction. Now we can just wait easily and patiently until the correction unravels, after the correction comes a new wave of growth. Down and up, down and up... The market continues to cycle. Never straight down, never straight up. It moves in waves.
Namaste.
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🚨 FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
🚨 FREE Quality Content
🏆🏆🏆 New (July 2025) Results
t.me/masteranandatrades/6451
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
🚨 FREE Quality Content
🏆🏆🏆 New (July 2025) Results
t.me/masteranandatrades/6451
🚨 Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.