From the end of Jan, SOL didn’t rebound much. The price is more likely to fluctuated near the previous low. The confidence of the long side seemed not enough. Because the price broke the support level over the weekend. Throughout the Feb-Rebound, SOL performed worst consistently .
Conclusion: Mostly fluctuation. Based on the performance of SOL, we reset the support level(86) and the resistance level(118). Do you remember we mentioned in our previous report that the slope of the decline increased in Jan? From the graph, though SOL has exited the high-slope bearish channel, it came back into the previous low-slope bearish channel.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Conclusion: Mostly fluctuation. Based on the performance of SOL, we reset the support level(86) and the resistance level(118). Do you remember we mentioned in our previous report that the slope of the decline increased in Jan? From the graph, though SOL has exited the high-slope bearish channel, it came back into the previous low-slope bearish channel.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.