Will Solana break 43?
I like Solana. It is looking strong and there are some key factors that could make this a long opportunity.
1. Price dipped down to low 30s and tested support but it was rejected. If you compare SOL to BTC price is about to break all time highs.
2. Cumulative volume turned positive in the near term. Volume vs Average Volume is increasing as well. I am waiting for the rate of change of volume to rise above 0.
3. Volatility is remaining low and relatively stable. I am waiting for the volatility average to fall below its standard deviation.
1. Price dipped down to low 30s and tested support but it was rejected. If you compare SOL to BTC price is about to break all time highs.
2. Cumulative volume turned positive in the near term. Volume vs Average Volume is increasing as well. I am waiting for the rate of change of volume to rise above 0.
3. Volatility is remaining low and relatively stable. I am waiting for the volatility average to fall below its standard deviation.
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