SOL is showing Buy Volumes on different platforms.
We experienced a breakout and got rejected by a static resistance level. That also formed a noise in our uptrend regression which you can see on the chart.
Right now the prices are consolidating sideways and we're close to touching the lower band of our channel and also we might get another support by hitting the local support IF ONLY the price crosses the lower band.
There is only one static resistance on the way up and I'm thinking SOL has enough buy volumes to cross that resistance or at least retest it in the next few days.
There are two support zones that can be helpful in case any drops happened.
As I've said in my last ADA and XRP chart, Watch for Bitcoin , since it looks like it's going to touch ATH or even cross it. After Bitcoin calms down SOL can perform stronger than now and might run for testing the ATH . If possible, it might cross it and touch the red resistance as I've shown on the chart.
if not successful, then it's going back down but I'll update the support when that's about to happen.
SOL isn't showing STRONG buy volumes in the market but it still has some time to build up a foundation on this support zone.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $156.47
Good Luck
Tell me your ideas. Like and Share
We experienced a breakout and got rejected by a static resistance level. That also formed a noise in our uptrend regression which you can see on the chart.
Right now the prices are consolidating sideways and we're close to touching the lower band of our channel and also we might get another support by hitting the local support IF ONLY the price crosses the lower band.
There is only one static resistance on the way up and I'm thinking SOL has enough buy volumes to cross that resistance or at least retest it in the next few days.
There are two support zones that can be helpful in case any drops happened.
As I've said in my last ADA and XRP chart, Watch for Bitcoin , since it looks like it's going to touch ATH or even cross it. After Bitcoin calms down SOL can perform stronger than now and might run for testing the ATH . If possible, it might cross it and touch the red resistance as I've shown on the chart.
if not successful, then it's going back down but I'll update the support when that's about to happen.
SOL isn't showing STRONG buy volumes in the market but it still has some time to build up a foundation on this support zone.
I'll keep this chart updated.
Use this chart as your trade setup for now.
Current Market Price: $156.47
Good Luck
Tell me your ideas. Like and Share
