A speculative analysis of a bull penetration from a falling wedge and a possible breakthrough at higher intervals if the horizontal ressistance in the region between $188-203 are broken, the technical target should be the top of the falling wedge, which is about $230.
The first strong support per volume of trading in certain regions is between $154 -160. At a lower time interval, the price forms a bull's flag, indicating that if the buying momentum continues, Solana will first test the resistance at $188, then $203, and if it finds support at those levels we can anticipate an impulse extension of up to $212 and then $230.
The MA's confusion suggests that the heaviest line (contains the most information about price movement/dark green) is around $210, indicating that if the price is kept above that MA we are likely to have confirmation of a change in trend from bear to bull in a shorter to medium interval.
The first support on the MA scale indicates that the region is about $170 confirmed by retesting and we're seeing an extension of purchasing pressure.
The first strong support per volume of trading in certain regions is between $154 -160. At a lower time interval, the price forms a bull's flag, indicating that if the buying momentum continues, Solana will first test the resistance at $188, then $203, and if it finds support at those levels we can anticipate an impulse extension of up to $212 and then $230.
The MA's confusion suggests that the heaviest line (contains the most information about price movement/dark green) is around $210, indicating that if the price is kept above that MA we are likely to have confirmation of a change in trend from bear to bull in a shorter to medium interval.
The first support on the MA scale indicates that the region is about $170 confirmed by retesting and we're seeing an extension of purchasing pressure.