Solana (SOL) Breaks Down | But We Can't Ignore This Bullish Divergence


Hi friends hope you are well, and welcome to the new update on Solana.

On a weekly time frame, Solana is breaking down very significant support of $37.

On a daily time frame, SOL has broken down a rising wedge pattern.

But if we take a look at the 4hr time frame, then there is a bullish divergence flashed as the priceline is forming lower lows but the Relative Strength Index is setting higher lows. Therefore, there is a possibility that SOL may retest the support of the wedge as resistance.

For a detailed analysis, you can also watch the video.


 

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