Solana: ⬇️ Sell
– Solana reversed from resistance zone
– Likely to fall to support level 60.00
Solana cryptocurrency recently reversed from the resistance zone between the resistance level 75.00 (former strong support from February and April), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from May.
The downward reversal from this resistance zone continues the active minor impulse wave iii of the higher impulse wave 5 from May.
Given the strong daily downtrend, Solana cryptocurrency can be expected to fall to the next round support level 60.00 (former low of the impulse wave i).