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[SOLANA]
With both of EMAs position forming a Death Cross and the RSI(14) indicator in the Neutral-Bearish area, Solana has the potential today to continue weakening toward its nearest support level.
Key Levels
1. Resistance. 2 : 129.76
2. Resistance. 1 : 123.51
3. Pivot : 119.36
4. Support. 1 : 113.11
5. Support. 2 : 108.96
Tactical Scenario
Pressure Zone: If the price breaks down below 119.36, there is potential for continued to be under pressure toward 113.11.
Momentum Extension Bias: If 113.11 is broken, the weakness will continue to 108.96.
Invalidation Level / Bias Revision
The downside bias is restrained if Solana breaks above 129.76.
Technical Summary
EMA(50) : 118.71
EMA(200): 122.92
RSI(14) : 39.22
Economic News Release Agenda:
Tonight the United States will release the following economic data:
US - Core PPI m/m - 20:30 WIB
US - PPI m/m - 20:30 WIB
US - Chicago PMI - 21:45 WIB
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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