Solana SOL price will reach $31, the only question is how)
Now, SOLUSDT buyers have one goal: to push the price as close to $31 as possible. There is a powerful liquid zone there, which is pulling the SOLANA price towards it like a magnet.
The only question is which way they will go there:
Which scenario do you prefer, and which is more realistic in your opinion?
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The only question is which way they will go there:
- If they can confidently fix the SOL price above $23, then the blue route is realistic.
- If buyers relax even for a second, sellers will become more active. They need to defend their short positions, which were gained on the "negative news around FTX and SOLANA." As a result, the red scenario and the drop of SOL price to the $13-15 range
Which scenario do you prefer, and which is more realistic in your opinion?
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