SOL/USD are traded at the level of 226.33 and continue to move as part of the correction and the downward channel. Moving averages indicate a short-term bearish trend in Solana. Prices have broken the area between the signal lines upwards, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a correction in the value of a digital asset and a test of the resistance level near the area of 235.05. Where can we expect a rebound again and the continuation of the fall in the Solana rate with a potential target below the level of 185.05.
Solana Forecast SOL/USD December 3, 2021
A test of the trend line on the relative strength index (RSI) will be in favor of falling quotes and the SOL/USD rate. The second signal will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the coin will be a strong increase in the value of the asset and a breakdown of the area of 250.05. This will indicate a breakdown of the resistance area and continued growth in the cryptocurrency rate with a potential target above the level of 275.05. With the breakdown of the support area and closing of quotations below the level of 215.05, we should expect confirmation of a price drop.
Solana Forecast SOL/USD December 3, 2021 suggests an attempt to correct and test the resistance area near the level of 235.05. Where can we expect a rebound and the continuation of the fall of SOL/USD to the area below the level of 185.05. An additional signal in favor of reducing Solana will be a test of the trend line on the relative strength index (RSI). Cancellation of the fall option will be a strong growth and a breakdown of the 250.05 area. This will indicate a continued rise in the cryptocurrency with a target above the level of 275.05.