Solana is Offering Long Opportunities
Solana is testing the support of the ascending channel that has been established since June 28. The altcoin is moving up since July 10. So, a current decline of its prices could be a standard correction. With all this in mind 23.00-23.90 could be an interesting entry level for a long trade with a target at 32.90, the high of the July 14. The stop-loss should be placed below 20.40, which is the low of July 10.
In my view, if Solana prices will break through the resistance of the downside correction of the last week further long positions could be added with the stop-loss moved above the opening price to avoid any losses.
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