Market Analysis of SOLUSDT on Monday 12 AUGUST 2024

2024-08-12 19:59Source:BtcDana

SOLUSDT  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations SOLUSDT is running in positive trend and stop loss is 135 level . It can rise towards 210 level   .Intraday purpose buying is better with stop loss 135 level expecting intraday targets 148 , 149 and 151 levels respectively .Support area is 141 to 148 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Although the market dipped today, Solana has found its way to spark investor interest despite falling a few points in the past 24 hours. However, the token is still up nearly 22% in the past month, going against the market’s general bearishness after last week’s slip and slide.


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

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