SOLO - Technical review and analysis

SOLO has been up more than 30% in the last 24 hours. The price of this currency recorded a sharp increase to the resistance level of $0.25 after finishing the range area and breaking the ceiling of this area in the $0.20 range. In return, the pullback to the ceiling of the range channel also returned a strong positive reaction of the price to the resistance range. Due to the high strength of the resistance, we can expect a larger range area for this currency. In the 4-hour timeframe, the ceiling and higher floors form an ascending channel. But if one of the ranges is corrected, it can be considered at the price of $0.190.