Market Analysis of SOLUSDT on Tuesday 7 May 2024

2024-05-07 18:21Source:BtcDana

SOLUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

  SOLUSDT  is running in positive  trend and its immediate  strong support are 141.70 to 147 level .Intraday purpose buying is better with stop loss 140 expecting intraday target 160,162 and 165 level respectively.Wave 3 is going in and it can rise non stop towards 200 dollar in short term.

 QUICK FUNDAMENTAL LOOK                                                                     

Solana (SOL) is currently up by 4% after jumping from $142 to $148 in the past 24 hours. Interestingly, Solana has made a 23% gain from $119.56 since May 1 and could hold on to sustain this price increase steadily for the rest of the month.

 POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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