$SOLUSD
Added 2024-07-05 18:02:40 +0000 UTCSolana is following Bitcoin very well here, also lost its 200 Day MA and continues to trend downwards.
It has hit support at $119, which is where support was found 4 times now since April, although this is certainly a support level, I think the price will still need to make a lower low and find support on a Fib level before reversing.
The 200 Day MA is at $136 right now and the price action is at $132, if the price rejects at this MA then I believe that a pull back to the 0.5 Fib at $108 is possible next.
Comments
Very appreciated, thanks !
Luc
2024-07-05 18:11:21 +0000 UTC
