SOL became the big winner last week. As we mentioned at the beginning of report, both ETH and SOL outperforming BTC this week. After breaking above the resistance level easily, there was no significant strengthening of the bears, which gave the bulls more confidence to continue its upward move. Look up close, the strength of the bulls has increased in these two days, but the bulls have not weakened, and the price has fluctuated within a very narrow range. There is a high probability that this rebound will not end.
Conclusion: Mostly rising. Last week's performance gave the price a chance to hit the next resistance level (150). We believe that for SOL, this week will maintain its previous strength. We set a support level as 122, which is a confirmation level for the bulls.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly rising. Last week's performance gave the price a chance to hit the next resistance level (150). We believe that for SOL, this week will maintain its previous strength. We set a support level as 122, which is a confirmation level for the bulls.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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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.
Related publications
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.