SOL is fighting once again the previous resistance level at ~ $120, as BTC is ranging between $46.57 and $48.2k – and struggling to break the latter - in the last 2-3 days.
(Short-term 20D MA just crossed above long-term 50D MA. Personally, I don’t trust MA crossover in MTF or LTF, but if you do be careful and use them only in conjunction with other indicators, oscillators, etc.)
Last 2 days volume is relatively high.
BTC is threatening with a correction, so if this happens, SOL is more likely to fall near $100 before the next breakout attempt.
In any case, breakout will occur sooner or later, because Solana is very promising project.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
(Short-term 20D MA just crossed above long-term 50D MA. Personally, I don’t trust MA crossover in MTF or LTF, but if you do be careful and use them only in conjunction with other indicators, oscillators, etc.)
Last 2 days volume is relatively high.
BTC is threatening with a correction, so if this happens, SOL is more likely to fall near $100 before the next breakout attempt.
In any case, breakout will occur sooner or later, because Solana is very promising project.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
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Update below:
