Carried by the market, SOL has struggled to break above the upper rail of the bearish channel and finally the price has broken the previous resistance level. In the Jan.17th-Jan.24th Weekly market recap, we mentioned the importance of the support level(68) for SOL, and now after rebounding, the price needs to face the level again.
Conclusion: Mostly falling. Support is at 68 and resistance at 93. The bulls will also strengthen at the support level, and once the price falls below the support level, it will be catastrophic for SOL.
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 falling. Support is at 68 and resistance at 93. The bulls will also strengthen at the support level, and once the price falls below the support level, it will be catastrophic for SOL.
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.
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Related publications
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.