Alert! Solana About to Crash – Traders Watch These Crucial Levels

Quick Summary:

According to price action and technical analysis, SOL has recently experienced a breakdown of bearish head-and-shoulder price action patterns in a 4-hour time frame.

With this breakdown, SOL falls below the 200 Exponential Moving Average (EMA) on a daily time frame.

Conversely, if the sentiment changes and SOL rises to the $142 level, nearly $36.40 million worth of short position will be liquidated.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: Price Analysis News Solana (SOL) Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 15:37:09 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 341 words

Reading Time: 2 minutes read

Sentences: 32 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22105480

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Main Topics: Crypto

Official Website: coinpedia.org

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News Last Updated: 9 hours ago

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