Since Ordi broke a new high again, it has been in a high sideways correction state. Ordi has been improving before, and the main trading techniques are very obvious and regular. Ordi will continue to break new highs before there is any obvious fundamental bad news or a K-line peaking signal. Pull up to break new highs, then take a sideways break to wash the floating chips, wait for the daily MA30 moving average to move upward to provide support, and then continue to pull up to break new highs. The next shock will be around 100. The support level is near 74 and the pressure level is near 82.
The price of #Solana ($SOL ) is forecasted to vary in January 2024, with different sources providing different predictions: $SOL
According to Changelly, the price of #SOL is anticipated to range between $103.82 and $128.91 in January 2024.
DigitalCoinPrice forecasts a minimum price of $156.29 and a maximum price of $184.24 for January 2024.
#CoinClub analysis suggests a price range of $169.16 to $179.57 for January 2024.
The varied predictions for Solana in January 2024 underscore the considerable price range, emblematic of the dynamic and volatile nature inherent in the cryptocurrency market.
Trade setup: Following a bullish breakout from Ascending Triangle, price reached $125 but got very overbought (RSI ~ 83) and pulled back on profit taking. Pullback to near $100 support could be a swing trade entry in Uptrend, with upside potential back to $125. Stop Loss (SL) level at $88. Nearest Fibonacci Retracement levels (possible support) are $103 (50%) and $98 (61.80%). (set a price alert).
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
Support and Resistance Nearest Support Zone is $100 (previous resistance), then $80. The nearest Resistance Zone is $125.
Sol current high is 126 and current low is 95 right now the price is 107
Sol resistance is 115 support is 100. Weekly close is really important if week close above 115 then sol will resume its bullish trend otherwise correction will happen till 92
Spot traders don't worry sol will eventually will go up after getting liquidity trend is bullish don't consider thi retracement as a bearish trend as you know i told in my previous analysis that sol will touch 137 and sol will surpass all time high in 2024. #SolanaTrade #solanaphone #BTC!💰 #etf #ETH
The price of Solana seems to be experiencing a downward trend lately, with predictions suggesting it may reach as low as $85. It's always important to stay informed and keep an eye on the market fluctuations. Remember, investing in #sol cryptocurrencies involves inherent risks. Stay vigilant and make informed decisions.m #Solana #CryptoMarket"