A 80% correction for SOLANA to $30 ??
2024-07-04

On the above 3 day chart price action has jumped 2200% from the lows of January 2023. A number of reasons now exist to expect a significant drawdown for price action. They include:

1) Price action and RSI support failures.

2) Double top in price action.

3) Price action rejects support on rising channel.

4) Price action confirms resistance of the 3-day / 50.sma (blue line). Blue arrows.

5) The support and resistance area at $30 is also the Fibonacci 0.382, which price action corrected to previously.

6) I just know this idea is not going to popular so please have a look at the previous bearish forecast for SOLANA and even better read the comments on there before becoming a cliche.

Is it possible price action continue going up? Sure.
Is it probable? No and no.

Ww



Previous idea to $5
