Sideways Movement: SOL maintains a sideways trend, staying above $50 in the daily chart, hinting at resistance.
Bullish Flag Pattern: Anticipation of a bullish flag pattern indicates a potential upward move, targeting $68 and potentially leading to a bull run toward $75.
Bearish Battle at $50: SOL manages to stay buoyant above $50, despite encountering support twice, reflecting a bearish struggle.
Extremely Bullish Sentiment: Despite pressure between $51 and $68, SOL retains a highly bullish sentiment with over 200% growth in the last sixty days.
Consolidation & Bullish Continuation: Ongoing consolidation after a significant bull run hints at a bullish continuation pattern, supported by buy signals in the short-term.
Triangle Breakout Opportunity: SOL's breakout from a triangle pattern in the 4-hour chart suggests a short-term entry opportunity, facing a supply zone near $60.
Current Price & Growth: SOL trades at $58.74, showing intraday growth of 0.88%, signaling potential for a breakout rally.
RSI Projection: Daily RSI hints at a potential trend reversal, projecting a bullish trend after a gradual lateral shift in the declining trend.
Bullish Flag Pattern: Anticipation of a bullish flag pattern indicates a potential upward move, targeting $68 and potentially leading to a bull run toward $75.
Bearish Battle at $50: SOL manages to stay buoyant above $50, despite encountering support twice, reflecting a bearish struggle.
Extremely Bullish Sentiment: Despite pressure between $51 and $68, SOL retains a highly bullish sentiment with over 200% growth in the last sixty days.
Consolidation & Bullish Continuation: Ongoing consolidation after a significant bull run hints at a bullish continuation pattern, supported by buy signals in the short-term.
Triangle Breakout Opportunity: SOL's breakout from a triangle pattern in the 4-hour chart suggests a short-term entry opportunity, facing a supply zone near $60.
Current Price & Growth: SOL trades at $58.74, showing intraday growth of 0.88%, signaling potential for a breakout rally.
RSI Projection: Daily RSI hints at a potential trend reversal, projecting a bullish trend after a gradual lateral shift in the declining trend.
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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.