Solana (SOL) bulls have managed to maintain their advantage in the market over the last week. Thanks to that, the token has been approaching a crucial level. A breakout above that could push the token’s price further up in the coming days or weeks.
Meanwhile, Ali, a popular crypto analyst, posted a tweet highlighting the fact that SOL was approaching a crucial resistance.
As per the tweet, it was important for Solana to go above the $154 resistance because a rejection at that marl could push the token down. To be precise, a failed test could push Solana down to $85 again, which might be disastrous for several investors.
By contrast, look at Coinglass’ data also revealed that Solana’s long/short ratio dropped – typically a bearish sign.
Solana daily chart's analysis revealed that the Chaikin Money Flow (CMF) registered a downtick. This hinted at a price correction. However, the MACD was bullish as it displayed a buyers’ advantage in the market.
As per Hyblock’s data, if the downturn continues, then SOL has a strong support at $144. From there, the token can make a rebound. If that happens, then SOL might touch $150 before it eyes at $1564.
Meanwhile, Ali, a popular crypto analyst, posted a tweet highlighting the fact that SOL was approaching a crucial resistance.
As per the tweet, it was important for Solana to go above the $154 resistance because a rejection at that marl could push the token down. To be precise, a failed test could push Solana down to $85 again, which might be disastrous for several investors.
By contrast, look at Coinglass’ data also revealed that Solana’s long/short ratio dropped – typically a bearish sign.
Solana daily chart's analysis revealed that the Chaikin Money Flow (CMF) registered a downtick. This hinted at a price correction. However, the MACD was bullish as it displayed a buyers’ advantage in the market.
As per Hyblock’s data, if the downturn continues, then SOL has a strong support at $144. From there, the token can make a rebound. If that happens, then SOL might touch $150 before it eyes at $1564.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.