3day frame: downwoard trendline deirected toward collision with the 200 MA. SHORT with target 3- 3.10 USD, then bounce.
Solana floating near 200 MA daily, while Bitcoin bouncing. Fast LONG, TP at 155-158, SL 127.
After weeks of bleeding, finally utility tokens show some sign of life. NYSE:FET has great fundamentals, it is a leader of the AI token narrative, and started a reaction from a price level that marked a previous weekly resistance. Let's hope it becomes a support.
From a technical point of view, it seems that Solana is losing an important support of the Ichimoku on the 3 daily chart. From a "fundamental" point of view, instead, it seems that the Meme narrative is cooling off on Solana, with a shy try to rotate on Tron, and amid the progressive lack of interest of the community. So, we guess there are all the ingredients for...