Crypto2AF

SOL/BTC - Solana: BBand Breakout

BINANCE:SOLBTC   SOL / Bitcoin
◳◱ On the $SOL/ BTC chart, the Bband Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.0023843 | 0.0025267 | 0.0027507 and support near 0.0021603 | 0.0020787 | 0.0018547. Entering trades at 0.0022642 could be strategic, aiming for the next resistance level.

◰◲ General info:
▣ Name: Solana
▣ Rank: 5
▣ Exchanges: Binance, Huobipro, Mexc, Kraken, Hitbtc
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks. Solana features a new timestamp system called Proof-of-History (PoH) that enables automatically ordered transactions. It also uses a Proof of Stake (PoS) consensus algorithm to help secure the network. Additional design goals include sub-second settlement times, low transaction costs, and support for all LLVM compatible smart contract languages.

◰◲ Technical Metrics:
▣ Mrkt Price: 0.0022642 ₿
▣ 24HVol: 566.038 ₿
▣ 24H Chng: 2.092%
▣ 7-Days Chng: 3.31%
▣ 1-Month Chng: 1.71%
▣ 3-Months Chng: 78.15%

◲◰ Pivot Points - Levels:
◥ Resistance: 0.0023843 | 0.0025267 | 0.0027507
◢ Support: 0.0021603 | 0.0020787 | 0.0018547

◱◳ Indicators recommendation:
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY

◰◲ Technical Indicators Summary: BUY

◲◰ Sharpe Ratios:
▣ Last 30D: 1.58
▣ Last 90D: 3.32
▣ Last 1-Y: 2.00
▣ Last 3-Y: 1.35
◲◰ Volatility:
▣ Last 30D: 0.77
▣ Last 90D: 1.16
▣ Last 1-Y: 0.89
▣ Last 3-Y: 1.25

◳◰ Market Sentiment Index:
▣ News sentiment score is 0.66 - Bullish
▣ Twitter sentiment score is 0.57 - Bullish
▣ Reddit sentiment score is 0.36 - Bearish

▣ In-depth SOLBTC technical analysis on Tradingview TA page


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