Major Warning to Solana Holders: What You Need to Know

TLDRSolana may have one more move to the upside before a potential major pullback. Daily bearish divergence and high volatility indicate caution. Consider taking profits and prepare for a possible pullback in the coming weeks.

Key insights

🚨Solana may have one more move to the upside before a potential major pullback.

📉Daily bearish divergence and high volatility suggest caution.

Consider taking profits and securing gains.

📉Expect a pullback to around $90 to $95.

⚖️Don't expect a major macro reversal, but be prepared for a potential prolonged sideways price action.

Q&A

Should I sell my Solana holdings?

Consider taking profits and securing gains, as a potential pullback is expected.

How low can Solana price go?

A pullback to around $90 to $95 could be expected.

Is this a major reversal for Solana?

No, it is not a major macro reversal. It could be a pullback or a prolonged sideways price action.

Should I buy Solana now?

It is advisable to exercise caution and wait for a better entry point after a potential pullback.

What is the historical performance of Solana on Mondays?

Mondays historically show a higher likelihood of closing negatively for Solana.

Timestamped Summary

00:00A major warning to Solana holders.

02:25Solana may have one more move to the upside.

05:00Daily bearish divergence and high volatility suggest caution.

08:00Consider taking profits and securing gains.

09:30A potential pullback to around $90 to $95 could be expected.

10:30Not a major macro reversal, but expect a pullback or prolonged sideways price action.

14:00Consider waiting for a better entry point after a potential pullback.

15:30Mondays historically show a higher likelihood of closing negatively for Solana.