On 13 June, buyers began trying to change the situation in the SOL market. Trading volumes increased after establishing a local low of $25.86, and buyers managed to stop the price from falling. The SOL cryptocurrency stopped in the consolidation range of $30.8-$40.6, in which market participants measure their strength. Usually, increased trading volumes within the range of consolidation indicate a market reversal. Especially if there was a strong uncorrected trend before the consolidation. Source: https://www.tradingview.com/x/SI6umPEJ/ Therefore, keeping the mark of $30.8 by buyers in the near term will mean continued growth with a minimum target of $51.8. This target was the reason for the SOL correction in May 2021 and stopped buyers in a confident trend. However, when buying SOL in the range of $30.8, you should not neglect the stop order. The fact is that after breaking this mark, the next target of $22 will be opened for sellers. This mark is the key level on the weekly timeframe. From May to July 2021, buyers confidently held the $22 mark, which was the reason for the continued growth to $259. Thus, even breaking through the current downward consolidation will not cause a total collapse in the SOL market. The worst is over. SOL Technical Analysis On The Daily Timeframe Source: https://www.tradingview.com/x/YoTHFU9L/ Analyzing the movement of the SOL price on the daily timeframe, you can notice a triangle in which the SO...
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