Over a month ago I made an analysis on SOL where I discussed the bearish break out of the bearish / ascending wedge.
After several weeks of bearish pressure, SOL is well on its way to the first bearish target of $115. Since the week just started, it can still go both ways. However, the start of the week is fairly weak, as we have given up all of last weeks gains in just one day.
If BTC will remain bearish, we can surely make a run for the first target. Second target of $60 is still far away, I consider that a potential bear-market target if BTC will go below $30k.
Happy trading!
After several weeks of bearish pressure, SOL is well on its way to the first bearish target of $115. Since the week just started, it can still go both ways. However, the start of the week is fairly weak, as we have given up all of last weeks gains in just one day.
If BTC will remain bearish, we can surely make a run for the first target. Second target of $60 is still far away, I consider that a potential bear-market target if BTC will go below $30k.
Happy trading!
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