Hello, welcome to this SOL/USDT 1 DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS :
Solana (SOL)
If ADA failed at its key support this past week, Solana did not. Yesterday, buyers rescued the cryptocurrency at the $30 support level and even managed to push the price toward $32 today. This was a show of strength that was unexpected. Despite these efforts, SOL still lost 5.6% of its valuation in the past seven days.
The resistance is at $34, and Solana appears keen to return on the uptrend considering yesterday’s price action. It may take a while for it to reach $34, but this seems more likely at this point. To do so, it is very important for its price to close in the green today and maintain this momentum.
Looking ahead, Solana has only one mission: defend the $30 support level at all costs. If bears show any weakness, then the cryptocurrency can even attempt a break above $34, which would put an end to this consolidation that lasted since September.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Solana (SOL)
If ADA failed at its key support this past week, Solana did not. Yesterday, buyers rescued the cryptocurrency at the $30 support level and even managed to push the price toward $32 today. This was a show of strength that was unexpected. Despite these efforts, SOL still lost 5.6% of its valuation in the past seven days.
The resistance is at $34, and Solana appears keen to return on the uptrend considering yesterday’s price action. It may take a while for it to reach $34, but this seems more likely at this point. To do so, it is very important for its price to close in the green today and maintain this momentum.
Looking ahead, Solana has only one mission: defend the $30 support level at all costs. If bears show any weakness, then the cryptocurrency can even attempt a break above $34, which would put an end to this consolidation that lasted since September.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
