MyCryptoParadise_Simon

SOL/USDT Likely to Go For a Correction? Solana Analysis

Short
BINANCE:SOLUSDT   SOL / TetherUS
πŸ’Ž Yello, Paradisers! Let's focus on SOLUSDT – it's currently on an upward trajectory within an ascending channel, indicating the possibility of an adjustment due to an imminent supply zone.

πŸ’Ž Of late, Solana has been consistently ascending within this channel. However, we may see a shift or correction soon. It's important to note that SOL is approaching a critical support level at $53.4.

πŸ’Ž Beyond this level lies a significant supply zone, marked by an untouched Order Block (OB). Should SOL break below this support, it's likely to head towards the demand zone, as outlined in our charts.

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