Solana Resumes Bullish Trend Amid Declining US10 Government Bond

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Solana Resumes Bullish Trend Amid Declining US10 Government Bonds

Solana has broken out from a solid bullish flag pattern, indicating further growth. This movement can be attributed to the US CPI data, which came in slightly lower than expected and mixed overall.

On the other hand, US10 Government bonds decreased aggressively by nearly 3% for the day after the release of the CPI data, creating weakness across all instruments related to the USD.

With the current data, Solana has higher chances of rising further, with targets at 211 and a maximum of 230, as shown in the chart.

You may find more details in the chart!
Thank you and Good Luck!

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تم فتح الصفقة

SOL - near to the target

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ملاحظة

🚨SOL
From our yesterday's analysis, the price is near to the target and is taking a pause. Be careful as it can also lose volume.

👉It is not worth to lose the profits on this market that is not taking a clear direction

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أغلقت الصفقة: تم الوصول للهدف

١٧ يناير

ملاحظة

SOL is on the move and can easily reach the second target