Technical analysis by CryptoAnalystSignal about Symbol SOL: Buy recommendation (23 hour ago)

#SOL The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected. We are seeing a bearish bias in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected. There is a key support zone in green at 130, and the price has bounced from this level several times. Another bounce is expected. We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend. Entry Price: 132 First Target: 134 Second Target: 137 Third Target: 140 Remember a simple principle: Money Management. Place your stop-loss order below the green support zone. For any questions, please leave a comment. Thank you.