SOL/USD Forecast: 3D Chart Analysis and Strategic Buying Zones
In our latest analysis of SOL/USD on the 3D chart, we observe that the price has moved below the 50-day moving average (MA50) and is currently heading towards a critical support zone, which coincides with the 200-day moving average (MA200). This support zone is expected to hold for a while, providing temporary stability. However, the price is likely to slip further, moving down to the lower levels of the 3D trend channels.
Our analysis indicates that the price will approach the lowest channel, which presents a strong opportunity for entry. The first buying zone is identified between $45.0 and $48.5, where we anticipate a potential bounce. Despite this, it's crucial to prepare for further downside risk. As such, we recommend setting up a second buying zone between $19.0 and $22.0 to strategically dollar-cost average (DCA) into the position
Our analysis indicates that the price will approach the lowest channel, which presents a strong opportunity for entry. The first buying zone is identified between $45.0 and $48.5, where we anticipate a potential bounce. Despite this, it's crucial to prepare for further downside risk. As such, we recommend setting up a second buying zone between $19.0 and $22.0 to strategically dollar-cost average (DCA) into the position
Nota
Solana failed to break through the 61.8% Fibonacci level during this bullish wave, reinforcing our expectation of a continued decline into our buying zones.
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