Brief Dip Before Continued Growth
ChatGPT Meta-description: SOL displays remarkable growth, surpassing anticipated supply zones on the daily chart. Encounter with selling pressure halts the upward movement, with a critical level at $40 acting as potential support. Despite a temporary pause, Solana remains in a robust upward trend, suggesting any price dip is likely a brief consolidation before a renewed climb.
12/4/20231 min read
SOL has shown impressive growth recently, breaking through earlier expected levels where people might sell (supply zones) on its daily price chart. However, it hit a point where selling pressure stopped its price from going higher.
The key level to watch is around $40. If the price drops to this level, it might find enough buyers (support) to start increasing again.
Even though Solana's price briefly stopped rising, it's still in a strong upward trend. This means that any small drop in price is likely just a short pause before it starts climbing again.