Solana Gears Up For Wild Ride: Unpacking SOL USD Price Action In June

Solana was in the main headlines for a long time. Although society has been silent recently, the price did not increase as expected. Is it finished, or is there more bread in the distinctive symbol? Although long -term investors in the long run do not feel anxious, as nothing has changed on the basic level, the procedure of the negative side prices is not recently famous, so that the investment funds traded in Solana are still pending.

Matthew Dixon’s excellent analysis and comments, especially for new traders! Think about both directions, the price of Sol USD and risk management can go with narrow stops.

Zoom on Sol USD: Solana Price in the long time frame

We have three plans to look at them – invite yourself!

(Solusd)

The first graph that we will start with our analysis is the long -term weekly time frame, specifically looking at the larger range. The Solana price reached the Bull Run 2021 top at the end of 2025, which is our current resistance. In other words, it is the top of the range.

The bottom of the range may look away from $ 27. It is good to remember that Seoul has spent nearly a year in trading less than $ 10 in his early days.

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Zoom in Solana Price Action: Where does Sol go from here?

(Solusd)

Another quick look at the 1W time frame, then we will move. The latest set of current lower operation and support cost ~ $ 120. However, the MA50 price exceeded and rejected when re -testing it as a resistance. Soon, MA100 can be accessed – it is good to see the reaction. Check the level of $ 120, and we may decrease to less than $ 100.

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(Solusd)

Zooming on the first day, we can now see more details. A large, tiny area ranges from $ 32 to $ 50, although it can be extended to $ 100. We see the SFP clear, break the market structure, and re -test the MA200, which was also the previous low, which is now working as resistance. Completely dynamic graph.

For me, it seems that the Sol USD is heading down, unless the MA200 is reclaimed. As Matthew said in his book X, the market can move in both directions, and it is good to be ready for any of the scenario.

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Solana Wild Ride: Emptying the latest price movement

  • Late 2023 and 2024 Sol witnessed huge gains.

  • The price is not inventory starts under $ 100

  • The price needs to restore the MA200 on 1D to the next station

Post Solana is preparing for Wild Ride: Sol USD Price appeared in June for the first time on 99bitcoins.

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