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FX.co ★ Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday February 16 2024.

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Crypto Analysis:::2024-02-16T03:32:07

Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday February 16 2024.

Technical Analysis of Intraday Price Movement of Solana Cryptocurrency, Friday February 16 2024.

With the apperance of deviations between the Solana cryptocurrency price movement on the 4-hour chart and the Stochastic Oscillator indicator gives an indication that in the near future Solana has the potential to weaken down to below level 111.53 and if the momentum and volatility are strong enough then level 103.57 will be the next target to aim for. However, if on its way to these target levels the cryptocurrency suddenly strengthens again until it breaks above level 117.39 then all the weakening scenarios previously described will become invalid.

(Disclaimer)

Analyst InstaForex
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