Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
Strict editorial policy which focuses on precision, relevance and impartiality
Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.
Crypto Sidec analyst has raised the possibility of Solana price fall with two digits. The analyst has revealed major levels to monitor entries while market players are preparing for this massive accident.
The main levels to look at the risk of Solana price to lower two figures
In a TradingView PostSidec highlighted the range between $ 136 and $ 143 as the main resistance zone for the Solana price. Meanwhile, he said that between $ 102 and $ 98 is the next Major support areaindicating that soil may fall with two digits soon if it does not hold this support area.
Related reading
The analyst noted that Solana’s price was in a slow trend in the last five days, after reaching the hollow at $ 112. He added that the current price action looks like a Corrective model ABCThis could mean that Sol is preparing at lower prices. While referring to the key levels to monitor the entries, he noted that placing controls at key levels helps increase the chances of catching the right movement without engaging too early.
He then discussed the resistance zone between $ 136 and $ 143. The crypto analyst noted that the Solana price will probably have trouble in this beach, because the area contains multiple technical confluence suggesting a potential reversal or a strong reaction. As such, Sidec said that this range is an area of choice to consider for short positions, especially if the price is starting to display weakness.
On the other hand, Sidec revealed that a major request zone forms between $ 102.1 and $ 98.50 during the drop for Solana’s price. He said that this area has several technical confluence, making it a large, highly likely entrance area. The analyst added that this area has a long solid opportunity for gradual scaling in positions as the price moves deeper into support.
Solid market prospects
Sidec pointed out that there is a short bias until the Solana price recovers $ 143.80, with this level a strong resistance zone for Potential short shops. For market players seeking to enter a short position, the analyst noted that the scale in the resistance zone guarantees better risk management and higher entry efficiency.
Related reading
Meanwhile, for a long configuration, the analyst said that the start of $ 112 and the increase in the size of the position up to $ 98.50 ensures solid positioning in a high confluence request area. He added that the scaling up of trades rather than engaging at a single price increases flexibility, improves the execution of trade and helps market participants to better adapt to price movements.
Discuss further from the Solana price action, Sidec noted that the objective of $ 100 coincides with the 200 Exponential mobile average (EMA) On the weekly time, adding confluence to this strong support.
The analyst also mentioned that if Solana’s price decisively exceeds $ 144, he would invalidate the short thesis and suggest a potential movement greater than $ 150. Meanwhile, a strong rejection of the resistance zone would probably accelerate the movement around $ 112 to test the demand at low swing.
When writing data from CoinMarketCap.
Istock star image, tradingView.com graphic