🐋 Solana Analysis:
Beware of Whale Traps!
Don't fall into the whale traps! 🚨
SOLUSDT has been on an uptrend since June 2023, but recent developments signal a potential trend reversal. The pair just broke the uptrend, raising concerns of a forthcoming lower high. 📉
📊 The RSI is signaling trouble as it sits at elevated levels, accompanied by bearish divergence on lower time frames. This suggests weakening upward momentum and a possible shift in market sentiment.
🔄 Despite the downtrend signals, it's crucial to remain vigilant. Markets can be unpredictable, and a fakeout above the resistance box is still plausible. Traders should be prepared for unexpected moves.
