SOL has been gaining momentum, but its short-term price increase percentages are still lagging behind BTC and ETH. However, I believe that SOL will soon flip that momentum. The question is when exactly that will happen.
I have identified some areas of interest on the chart. The red lines represent the lines of resistance, while the green lines indicate the support levels. If you are swing trading SOL, I suggest waiting to buy in the green box, which is in the price range of around $132.
I have identified some areas of interest on the chart. The red lines represent the lines of resistance, while the green lines indicate the support levels. If you are swing trading SOL, I suggest waiting to buy in the green box, which is in the price range of around $132.
Note
SOL looks like it may develop a head and shoulders pattern, which would lead it right into my area of interest initially marked in this chart (green box).
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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.