FX.co ★ Technical Analysis of Daily Price Movement of Solana Cryptocurrency, Friday June 23, 2023.

Solana on its daily chart still seems inside the Bearish condition where this is marked by its price movement which moves below EMA 200 and CCI (30) indicator managed to breaks below the level 100,0, and -100 as well as hold under the level 0 until -100 where all of this signaled the valid downward condition, so, based on those facts, Solana in a few days ahead has the potential to depreciated diwn up to the level 12,42. If this level managed to be broken then Solana has the potential to continue its downside up to the level of 8,67. However, this downside will stop if on its way to those levels, Solana suddenly corrected, rallied up and penetrated above the 18.42 level because if this level is successfully broken then all the downside scenarios that have been described previously will become invalid and cancel automatically.

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