Solana is in the purple box I talked about in my previous Solana article and this is the area where things get messy and volatile loads of emotions and liquidations!
With Bitcoin moving upwards altcoins will go even higher and be more volatile. Solana has broken the resistance at the bottom of the box and now is building up for another move! We can be prepared for a retest of $30 support level! On the hourly we can see that Solana created "M" pattern that broke and almost reached price target but now a new pattern is forming but at the time of writing it is to early to say what is going to come out!
Retest of the purple box support line at $30 is certainly a level to loo at! It would be 8,5% move and definitely a good level to buy, shorting at this time is probably a bad decision (not a financial advise though!)
All The Best,
Aventurine
