As Expected Solana Is Now Going Through Price Correction!

By Aventurine | Crypto Aventurine | 3 Nov 2023


There was no doubt that this moment was coming I was a bit surprised that Solana reached $47 level mark!

Pretty much the top of the purple box where I said it is a high volatility area!

0e10b8106522e6c2307d8017a9c390c3d815c31341715d033b800be466e19218.png

So what can we expect from this correction, how low will it go?

As we can see on the chart the yellow line is our new supports or at least it should be it will most likely be the support test time!

5dd2c75927a5f9cae61b5848ef6b52ea358da3b69ba09647e7508088c676b012.png

So the correction price target is $36 that is whopping 23% from the top! Solana could also go to the bottom of the box at $30 those two are support levels that were not tested after the breakout! It will be really good if $36 holds!

People are now taking profits and soon it will all go into the altcoins on Solana, I have already seen quite a few showing their presence!

 

All The Best,

Aventurine!

 

 

How do you rate this article?

12


Aventurine
Aventurine

Opinions about crypto projects, upcoming trends, crypto trading and chart analysis, web3 research.


Crypto Aventurine
Crypto Aventurine

General posts related to cryptocurrency and blockchain, news, opinions, etc.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.