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chillcrypto

Solana set to pull back near term, resume higher in November?

Solana (COINBASE:SOLUSD)  
chillcrypto Updated   
COINBASE:SOLUSD   Solana
Support and Resistance
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supportandresistance
FWIW, I'm simply trying to put some boundaries around my Solana bag so I can work on a 'what if' Solana has seen its 10x and is simply going to 3x from here. Maybe an upward channel doesn't even make sense but at least we should know this week whether we pull back and consolidate.

snapshot

Comment:
OK I threw that SOL/BTC chart above just to see if I could correlate SOL/BTC and SOL/USD price action. Not sure that works at all, but I'm just throwing a theory on a wall to see if it sticks.

I'm particularly paying attention to the declining volume, and how Solana sells off quickly once the sell side pressure is on.

snapshot
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