In a recent video, JB discusses the current state of Solana’s price action and potential future movements, analyzing it from various timeframes.
JB uses technical analysis to assess Solana’s price movement, referencing indicators such as EMA, SMA, Stochastic, and RSI. JB mentions a recent 12.77% drop in Solana’s price and the crossover of moving averages, indicating a bearish sign.
The analysis suggests the possibility of a relief rally for Solana but also notes potential further downward movements. Different chart patterns and Elliott Wave Theory are discussed, with projections for possible price levels.
JB also talks about a membership option and its benefits, including access to trading channels, live sessions, buy/sell alerts, and more.
Solana’s Position in the Crypto Market
The video also touches on Solana’s position in the crypto market and speculates on its future potential.