Solana is showing a buy signal for a gain for more than 30% on the charts.
Trends are mixed but price has just broken above its 200-day moving average (~$151) which is a sign of Uptrend. Price is trading in a Sideways Channel ($120 – $190).
Swing Traders: can trade the Channel, enter near channel support of $120 and exit near channel resistance of $190. Stop Loss (SL) at $108.
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Solana Crypto Price AnalysisPrice is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision).
Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend.
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