A V-top rejection from the $140 resistance tumbled the Solana (SOL) price by 25%. As a result, the coin buyers lost the $120 and $105 support it gained during the recovery phase. Seeing the altcoin is trading below the $105 support, the sellers aim to wipe out the entire gains from the March rally.
Ključne točke
- The SOL buyers lost the $105 support
- The post-retest fall suggests a 20% devaluation of SOL price
- 24-satni obim trgovanja Solana novčićem je 2.57 milijardi dolara, što ukazuje na povećanje od 12.03%
Izvor-Tradingview
The Solana(SOL) price witnessed an unwavering and parabolic rally during the latter part of March. The recovery rally reached the $140 mark after slicing through some significant resistance, such as $105 and $120.
The upswing recorded an 84% growth in just three weeks, preparing for a bullish breakout from $140 resistance. However, the sellers sabotaged the buyer’s attempt and reverted the coin price with similar force.
The V-top rejection discounted the SOL price by 25% and dropped it below $105. The traders must wait for the candle closing below this breached support to confirm a fallout.
However, the 157% volume spike accentuates the seller’s commitment to a downfall, indicating the price to retest January bottom support at $80.
Tehnički indikator
MACD Pokazatelj: A negative crossover between the fast and slow line projects a sell signal for short traders. The rising red bars in the histogram chart highlight an increasing trend momentum.
DMA: The current price drop undermined the bullish crossover of the 20 and 100 DMA. The sustained selling may breach the 50 DMA support, encouraging the price to hit $80.
- Nivo otpora - $105 i $120
- Nivoi podrške - $93 i $80
odricanje
Predstavljeni sadržaj može sadržavati lično mišljenje autora i podložan je tržišnim uslovima. Istražite tržište prije nego što investirate u kriptovalute. Autor ili publikacija ne snosi nikakvu odgovornost za vaš lični finansijski gubitak.
Source: https://coingape.com/markets/solana-price-analysis-sol-price-nearing-80-support-buy-the-dip-now/