Solana, Fantom, Axie Infinity Price Analysis: 17 January - Aliens: AI Crypto News & Markets Updates
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Solana, Fantom, Axie Infinity Price Analysis: 17 January

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AMB Crypto

Mon, Jan 17, 2022

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Aliens TLDR

As a result, Solana projected weak technicals after a rising wedge breakdown on its 4-hour chart.

Solana (SOL) SOL formed a rising wedge (white) on its 4-hour chart and now saw an awaited fallout over the past day.

Since it saw a red engulfing candlestick on 14 January, the bulls struggled to cross the $149-resistance.

Thus, the alt saw an over 23% retracement (from 5 January) until it poked its 15-week low on 10 January.

Fantom (FTM) The ascending broadening wedge (white) saw a break down after touching its long-term $3.11-resistance (now support).

From here, it saw an exceptional rally after forming a double-bottom on its 4-hour chart.

Axie Infinity (AXS) The altcoin noted a 5.7% gain on its charts in the last 24 hours.

With the recent down-channel (white) breakout, the alt reclaimed 27.7% of its value from (from 10 January) and jumped above its 20-50 SMA.

AXS also reclaimed the $79.4-mark immediate support.

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