Mihai_Iacob

Solana could drop to test 40 support

Short
KUCOIN:SOLUSDT   Solana / Tether
After the break above consolidation's resistance back in mid-October, Solana has risen very nicely and had a high at 68.
After the initial correction, a new leg-up followed, however, this new rise failed to pass above the previous high and SolUsdt fell again.
At this moment the coin is trading at 60 and a drop under 55 will confirm that a deeper correction could follow.
The target for this correction is 40 strong support zone

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