Luckily, before reaching the critical support level, the long side’s power strengthened and exited the bearish channel as well. But SOL performed worst of the three last week. The distance between the upper rail of the bearish channel and the current price is very short. Inactive trading volume also showed that the confidence of long isn’t enough.
Conclusion: Mostly fluctuation. Carried by the strong market not itself, SOL exited the bearish channel. We doubt the strength of the long and the price may fluctuate within the range (100, 127).
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. Carried by the strong market not itself, SOL exited the bearish channel. We doubt the strength of the long and the price may fluctuate within the range (100, 127).
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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