SOL/BTC - Solana: Trend Reversal

◳◱ On the SOL/BTC chart, the Trend Reversal pattern suggests a pause in volatility, potentially gearing up for a breakout. Traders might observe resistance around 0.0026222 | 0.0029394 | 0.0036074 and support near 0.0019542 | 0.0016034 | 0.0009354. Entering trades at 0.0022664 could be strategic, aiming for the next resistance level.

◰◲ General info:
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.0022664 ₿
▣ 24HVol: 814.743 ₿
▣ 24H Chng: 3.206%
▣ 7-Days Chng: -4.89%
▣ 1-Month Chng: -23.98%
▣ 3-Months Chng: 57.21%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.0026222 | 0.0029394 | 0.0036074
◢ Support: 0.0019542 | 0.0016034 | 0.0009354

◱◳ Indicators recommendation:
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: -3.43
▣ Last 90D: 2.05
▣ Last 1-Y: 2.26
▣ Last 3-Y: 0.99
◲◰ Volatility:
▣ Last 30D: 1.06
▣ Last 90D: 0.89
▣ Last 1-Y: 0.91
▣ Last 3-Y: 1.19

◳◰ Market Sentiment Index:
▣ News sentiment score is 0.39 - Bearish
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.55 - Bullish

▣ In-depth SOLBTC technical analysis on Tradingview TA page

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