empty
 
 
06.12.2024 08:16 AM
Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday December 06, 2024.

This image is no longer relevant

If we look at the 4-hour chart of the Solana cryptocurrency, it seems that the dominance of Buyers is very dominant, which can be seen from the Failing Wedge Pattern which was successfully broken upwards and the formation of the Bullish 123 pattern followed by two Ross Hooks (RH) plus the movement of Solana's price which is above the WMA (30 Shift 2) which is followed by the appearance of hidden deviations between the movement of Solana's price and the Stochastic Oscillator indicator where the movement of Solana's price is also moving harmoniously in the Bullish Pitchfork channel, all of this provides clues and confirmation that in the near future it has the potential to continue strengthening even if there is a potential for a weakening correction, but as long as it does not break and close below the 212.10 level, Solana will continue to strengthen to the 260.83 level as its main target and if momentum and volatility also support it, 274.26 will be the next target to be aimed of.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback