What kind of reward do Solana SOL holders expect?
The price of SOLUSDT has weathered yesterday's "helicopters" in the cryptocurrency market quite well. However, it is still in a downward trend channel since the end of 2021.
It seems that only the most steadfast holders of Sol remained, who believe in the Solana project and will not drain the token under any circumstances.
And if we also take into account the fact that FTX is expected to resume operations in the second half of 2023 and early 2024 with a return of 50-70% of the lost funds, this may play a positive factor for the Solana project.
Here, we have described in detail how closely Solana was connected to FTX and related entities.
So, as of the time of writing the idea, it looks like $19.50-26.50 is the zone for accumulating long positions.
Above $26.50, a powerful upward momentum should be generated to break the downtrend. The first target for such growth is 42-47$, as the upper boundary of a long-term liquidity zone.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
It seems that only the most steadfast holders of Sol remained, who believe in the Solana project and will not drain the token under any circumstances.
And if we also take into account the fact that FTX is expected to resume operations in the second half of 2023 and early 2024 with a return of 50-70% of the lost funds, this may play a positive factor for the Solana project.
Here, we have described in detail how closely Solana was connected to FTX and related entities.
So, as of the time of writing the idea, it looks like $19.50-26.50 is the zone for accumulating long positions.
Above $26.50, a powerful upward momentum should be generated to break the downtrend. The first target for such growth is 42-47$, as the upper boundary of a long-term liquidity zone.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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.