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SOLANA
If we looking at EMA(50) & EMA(200) which still in a Golden Cross intersection, then Solana appears likely to continue its bullish bias today toward its nearest resistance level.
Key Levels
1. Resistance. 2 : 94.60
2. Resistance. 1 : 92.09
3. Pivot : 87.96
4. Support. 1 : 85.45
5. Support. 2 : 81.32
Tactical Scenario
Positive Reaction Zone: If the price breaks out above 92.09, there is a possibility that solana will rise toward 94.60.
Momentum Extension Bias: If 94.60 is also broken, there is a chance the 98.73 level will be tested.
Invalidation Level / Bias Revision
The upside bias is restrained if the price weakens and falls below 81.32.
Technical Summary
EMA(50) : 87.06
EMA(200): 85.16
RSI(14) : 48.14
Economic News Release Agenda:
From the United States throughout today there was no release of any economic data apart from the IMF Meeting.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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