๐ฅ SOLANA Closing In On Huge Resistance: Bearish Reversal?
SOL has been one of the leading tokens since the May sell-off, gaining almost 500% in not even two months.
After such a huge rally, SOL is closing in quick on arguably the most important resistance left for this token. The trend line goes all the way back to its inception over a year ago, so it definitely holds some value.
I'm not expecting a major drop after hitting the resistance, although everything is possible in crypto. I'm betting on a period of consolidation around this area. Time will tell.
Happy trading!
After such a huge rally, SOL is closing in quick on arguably the most important resistance left for this token. The trend line goes all the way back to its inception over a year ago, so it definitely holds some value.
I'm not expecting a major drop after hitting the resistance, although everything is possible in crypto. I'm betting on a period of consolidation around this area. Time will tell.
Happy trading!
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