The CPI of Jan was lower than the previous value but higher than the expected value. After data release, US stocks corrected, but crypto-market remained strong. The advanced pricing in the market gradually eased. With no major economic data coming out this week, the market will continue its bullish trend after recovery.
SOL had a strong rising last week, recovering the poor performance in early February. The price has risen to the previous high, and the bears is always weak during this process. So the slope of the rising is almost a straight line. Even on low-circulation weekend, SOL still has a long green candle with high trading volume than before.
Conclusion: There is high probability that the rise is not over. The bulls takes the control and further gains are possible. We maintain the resistance level at 28 and the support level at 17.6.
If you have any ideas, welcome to communicate with us:)
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.
SOL had a strong rising last week, recovering the poor performance in early February. The price has risen to the previous high, and the bears is always weak during this process. So the slope of the rising is almost a straight line. Even on low-circulation weekend, SOL still has a long green candle with high trading volume than before.
Conclusion: There is high probability that the rise is not over. The bulls takes the control and further gains are possible. We maintain the resistance level at 28 and the support level at 17.6.
If you have any ideas, welcome to communicate with us:)
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.
