SOLUSDT TECHNICAL ANALYSIS SHORT TERM VIEW
SOLUSDT running in negative trend and its immediate strong resistance area are 212 to219 level . Stop loss is 224.50 level and it can fall towards 212 level in very short term because of short term strong resistance in wave c or wave 3 based on current pattern . Intraday purpose selling is better for targets 216, 215 and 214 levels respectively with stop loss 224.50 level.
QUICK FUNDAMENTAL LOOK
The 26 EMA, which has traditionally served as a foundation for the rally's continuation, is now a crucial support level for Solana. For the cryptocurrency, this level, which is currently at $229, marks a significant turning point. It might open the door for another short-term upward push if Solana is able to maintain above this support.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .