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Solana has the potential to strengthen today toward its nearest resistance level | Forex Signals Update

Fresh from RobotFX: in-depth analysis to support your trading decisions.

[Solana]

With both EMAs condition still forming a Golden Cross and RSI(14) in the Neutral-Bullish zone, then Solana has the potential today to strengthen upside toward its nearest resistance level.

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1. Resistance. 2 : 93.11

2. Resistance. 1 : 89.52

3. Pivot : 86.93

4. Support. 1 : 83.34

5. Support. 2 : 80.75

Tactical Scenario

Positive Reaction Zone: If the price holds at 86.93, there is a likelihood of an advance toward 89.52.

Momentum Extension Bias: If 89.52 is broken, there is a chance that Solana will test 93.11.

Invalidation Level / Bias Revision

The upside bias weakens if Solana falls below 80.75.

Technical Summary

EMA(50) : 86.34

EMA(200): 84.17

RSI(14) : 63.24

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Core PPI m/m - 20:30 WIB

US - PPI m/m - 20:30 WIB

US - Chicago PMI - 21:45 WIB

US - Construction Spending m/m - 22:00 WIB

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