Reli nakon ispravljanja može dovesti do cijene Solane iznad 38.6 dolara; Ući sada?

With the recent news of Google cloud becoming a Solana validator, the SOL price witnessed a significant inflow. On November 4th and 5th, the bullish rally showed a 26% gain and hit the monthly resistance of $38.65. However, the supply pressure at this resistance triggers a minor correction with a pullback opportunity for interest traders.

Ključne točke

• The combined support of 0.382 Fibonacci retirement level and $34.5 offers a suitable launchpad to resume price recovery. 
• Significant growth in daily-RSI slope validates high momentum recovery in Solana.
• 24-satni obim trgovanja Solana novčićem iznosi 1.827 milijardi dolara, što ukazuje na gubitak od 9%.

Izvor-Tradingview

The late October recovery rally in the crypto market triggered a sharp recovery in Solana price. The bullish reversal registered a 40% growth over the past two weeks and breached local resistances such as $30.5 and $34.5.

Međutim, on altcoin could not break the $38.65 supply zone, resulting in a minor correction to the breached resistances. A volume retest candle indicates a temporary pullback which should eventually lead to the resumption of prevailing recovery.

The post-correction rally could push the prices above the monthly resistance of $38.65.

A bullish Pattern S+potted In Solana’s weekly chart

Izvor-Tradingview

The Solana price shows a uzorak dvostrukog dna in the weekly time frame chart. This bullish pattern is well known for trend reversal and offers a long position entry to interested traders. Thus, a breakout from the $38.65 barrier should intensify the bullish momentum for a rally to $47.5. 

The $47.5 level stands as a neckline resistance for the aforementioned pattern, holding huge growth potential upon its breakout.

Conversely, a daily candle closing below $34.5 support will weaken the bullish thesis.

Tehnički indikator

MACD indikator: u MACD and signal lines jump above the neutral zone with a significant gap indicating growth in underlying bullishness.

EMA: the rising coin price recently breached the 100-day EMA slope, which offers an extra edge for bull rally resumption. Moreover, a bullish crossover between the 20-and-50-day EMAs should attract more buyers in the market.

Solana Price Intraday Level

• Spot cijena:35.19
• Trend: Medvjed
• Hlapljivost: Srednja
• Nivoi otpora: 38.65 i 43.2 dolara
• Nivoi podrške: 34.5 i 30.5 USD