SOL Price Update & Analysis in a Daily Timeframe.

3 Sep

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

From our previous analysis, SOL failed to hold the 21 EMA support and the primary support at $150-$155. The price dropped by 15.5% and is currently holding at the support trendline of $130.

SOL has strong support ranging between $120-$130, and it must hold this level to sustain and rebound back to the upper resistance trendline. A failure to hold this support will be concerning and a red alert for traders.

Key levels:

- Crucial Support/Accumulation: $120-$130.
- Primary Resistance: 35 EMA at $146.
- Target: $176-$180.
- RSI: Bullish Divergence Formation.

DYOR, NFA.

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