Solana: ⬆️ Buy
– Solana reversed from key support level 98.35
– Likely to rise to resistance level 108.25
Solana cryptocurrency recently reversed up from the support zone between the key support level 98.35 (which has been reversing the price from the end of August, stopping wave A at the start of September, wave (4) in the middle of September and wave (A) earlier this month), the lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from the start of August.
The upward reversal from this support zone completed the short-term impulse wave 1 and started the active correction 2 of the C-wave of the intermediate ABC correction 4 from the end of September.
Given the strength of the support level 98.35 and the bullish divergence on the daily Stochastic oscillator, Solana cryptocurrency can be expected to rise further toward the next resistance level 108.25 – which stopped wave (B) earlier this month.