FX.co ★ xtorp | Solana / SOLUSD

Analysis and forecast for the trading instrument Solana based on technical analysis Hello traders, Last week, regarding the trading instrument Solana, we didn't see any clear movement as the price fluctuated back and forth without a clear direction. Although there was not weak volatility, it was rather erratic. Nevertheless, the downward trend on the 4-hour and daily timeframes continues, indicating a potential further move to the downside after some consolidation. It's important to note that prices cannot decrease indefinitely, so it's not surprising that we didn't reach a new low this week. If we consider a potential crypto winter, it could last for years, allowing for significant upward waves. However, as long as the trading instrument Solana remains below the resistance level of 145, such a scenario is difficult to envision. The range between 145-140 is the upper boundary of our range, where opportunities for short positions should be sought. If such positions were not opened last week, considering the three weeks of sideways movement, a return to that range is possible.