SOL:: Stay positive
Updated
There is no reason to turn bearish on SOL. Price action is now consolidating and ready for the next push. Price is now trading on support (185) and could rebound from here. Even better for the mid-term bullishness would be a test of the 50 and the 100 SMA, which are just below. This would give the tailwind to push through what has been a short-term resistance (195).
Note
On the 50 SMA right now. 100 SMA and then 200 loading!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.