Aliens TLDR

While Dogecoin and EOS saw descending channels, their indicators still kept the bullish hopes alive.

After an over 20% retracement until its 15-week low on 10 January, SOL formed a rising wedge that saw a reversal from the immediate supply zone (rectangle, green).

Now, as the bulls seemed to defend the $0.1623-level, the immediate resistance stood at the $0.1675-mark.

With a 19.9% retracement (from 5 January), EOS poked its five-week low on 10 January.

Since then, EOS marked an over 14.7% recovery after breaking out of the previous descending channel (yellow).

Now, the immediate testing point for the bulls stood at the upper trendline of the down-channel.

At press time, EOS was trading at $2.769.

After declining alongside the down-channel, the RSI found resistance at the 43-mark.