". There is a possibility of temporary retracement to the suggested support line (34.15).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SOLUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI...
After breaking it's previous support ( now a resistance ) near 34.8700, solana forms a ascending triangle in 4H time frame. Breakout on the either side can give a healthy move.
