Solana (SOL.CPT)

Close: 194.10 (-36.00), Dec 4, 2021

Extreme risk

Automatic technical analysis. Medium term, Dec 4, 2021

Solana shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. A head and shoulders formation is, however, under development. A decisive break of the support at 186, ideally with an increase in volume, signals a further fall. The currency is approacing resistance at 253 points, which may give a negative reaction. However, a break upwards through 253 points will be a positive signal. The currency is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 27)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-6.37%2 477.56-15.65%
5 days-52.4422.83%2 101.17-3.83%
22 days-26.4084.87%1 715.76-16.92%
66 days29.07345.97%1 891.79+39.81%

More analyses of Solana

chart Solana (SOL) Candlesticks 22 Days
Candlesticks
chart Solana (SOL) Short term
Short term: Negative
chart Solana (SOL) Medium term
Medium term: Weak Positive
chart Solana (SOL) Long term
Long term: Weak Positive
 


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Data:


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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