Buying Opportunity: #solana ($SOL
L ) 🚀
Current Price: 124.14$
Targets:
• First Target: 126.80$
• Second Target: 130.20$
• Third Target: 132.10$
Stop Loss: Close below 117.15$
Solana is a high-performance blockchain platform, distinguished by its ability to process large transactions quickly and at nearly no cost, which has made it a very strong competitor in the field of decentralized applications and NFTs.
Regarding technical analysis, the price is currently trying to break above the moving averages after a downward wave. The MACD indicator has started to show clear positive momentum with the bars changing to green, and the RSI is in excellent shape above 50, which gives a strong likelihood of continuing to rise to the mentioned targets.
💡 Tip
The market is currently volatile, so always enter with a portion of your portfolio and keep the rest to strengthen positions in case of any slight correction. Sticking to the plan is the secret to profit.
⚠️ Warning: Trading cryptocurrencies involves risk, and this analysis is for educational purposes and sharing a technical view only. The decision is yours, and managing your capital is the most important.