Solana [SOL] Traders Can Take Advantage of This Pattern - Aliens: AI Crypto News & Markets Updates




Solana [SOL] Traders Can Take Advantage of This Pattern


Sun, Jul 03, 2022


Solana's [SOL] falling wedge breakdown reignited its near-term bearish inclinations, and a break below the current pattern can open doorways for a near-term decline.

SOL's recent movements have chalked out a bearish pennant on the chart, which could aid the sellers in testing the $31-$32 range in the coming sessions. However, a compelling close above the 61.8% support could help buyers prevent further drawdowns.

The Relative Strength Index failed to find a spot beyond the 45-mark resistance over the last few days, and the Accumulation/Distribution line registered lower troughs. Thus, it could help the buyers hold the 61.8% level on the chart.

Source: Ambcrypto

Share to

The best experience is on the app

Everything happening in the crypto world, in real time


Recommended Stories

Article list item background

Litecoin falls beneath a bullish order block, could $40 be next target

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Just a week ago, Litecoin [LTC] rallied to the $61 level but faced rejection there. This was a bearish development, especially for long-term investors. The market structure continued to remain bearish, and […]
AMB Crypto

Jul 3


Recommended Stories

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens