The RSI value of the 1-Day chart is 55.38. It means that 
SOL is having good price fluctuation at the moment. But the candlesticks are above 50-day MA now, meaning that the price is heading for a reversal. Moreover, we need to consider that it’s still under 200-day MA.
SOL has broken out of the falling wedge; traders need to wait for a reversal to touch the upper trendline of the wedge to take a long entry. Stop loss can be placed at the lower trendline of the wedge for a better risk-to-reward ratio.
Meanwhile, our long-term SOL price prediction for 2022 is bullish if it cannot break the support level. We can expect SOL to reach $34 this year.
SOL is having good price fluctuation at the moment. But the candlesticks are above 50-day MA now, meaning that the price is heading for a reversal. Moreover, we need to consider that it’s still under 200-day MA. SOL has broken out of the falling wedge; traders need to wait for a reversal to touch the upper trendline of the wedge to take a long entry. Stop loss can be placed at the lower trendline of the wedge for a better risk-to-reward ratio.
Meanwhile, our long-term SOL price prediction for 2022 is bullish if it cannot break the support level. We can expect SOL to reach $34 this year.
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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.