Technical analysis by SpektreSignal about Symbol SOL on 7/31/2023

Solana has been undergoing a phase of profit taking causing price to retreat toward this support, after the run up this year. The run so far, for those who bought the absolute bottom at $8, amounts to a 297% gain, over the past 7 months.I am watching to see how this support zone holds up and keeping in mind the cloud is forecasting a steep sell off.Price Action often touches the cloud during a kumo twist. ☁️ 🪢As always, trade safe!