1-Day Analysis:
Big Picture: Another session marked by a Doji price candle, which indicates continuation of indecision. Since losing the 19.65 level, Solana has experienced a lot of Doji candles. If bulls start to establish dominance over the 19.65 mark, these Doji candle sets might be turned into a bullish checkmate pattern. While failure to exceed 19.65, on the other hand, may result in another selling situation.
On the Upside The resistance level of 19.65 is still in place. Things will improve for Solana as the price begins to hold above this level. Unless and until this occurs, the upside will find resistance from the 19.65 level and will be unable to seek higher levels. However, recovering control above 19.65 would allow the price to go on to the next target level of 19.85, followed by 20.30. Above 20.30, Solana’s stronghold opens the door to significant upside.
On the Downside Another session found support between 19.30 and 19.20 levels. This is a solid support for Solana. It has been safeguarding price for more than a week, and each time it has been tested, a reasonable reaction has been documented. This level remains the primary support level. However, if sellers are able to breach this level, the drop can be extend into the 18.70 to 18.50 range.
