In addition to crypto, life includes the World Cup too:). We have prepared various interesting activities. Sypool ian, come and enjoy the World Cup with us.
Let's go back to this week's recap, when other assets entered a correction after rebound, the crypto was mired in the mud. After the SBF event, the price fluctuated in a narrower range again. The market lost confidence and we see FUD in Telegram and Discord of various projects. It's going to be a long-time recovery, like what Luna event caused. But keeping crypto-spirit is more important than speculating, which teach you more about the evolution of organization, convenient interaction and future. Likewise, for the market, trouble make it mature.
In the last week, SOL did not fall sharply, but only slowly fell below the support level. This doesn’t mean that the bulls of SOL is stronger than that of BTC or ETH. This is the characteristic of SOL. When there is no dump in groups in the market, the decline of SOL is always slow. As a project affected by the SBF event, SOL is not out of trouble. Although the trading volume last week was lower than the week of the event, it was also higher than the previous fluctuation. If the market is affected by FUD again, the decline of SOL will be large.
Conclusion: Mostly falling. We lowered resistance level to 14 and the support level to 10. After the price falls below 10, liquidation will happen on Solend. 10 is not a stable support level, and there is no stable support level for SOL at this moment.
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.
Let's go back to this week's recap, when other assets entered a correction after rebound, the crypto was mired in the mud. After the SBF event, the price fluctuated in a narrower range again. The market lost confidence and we see FUD in Telegram and Discord of various projects. It's going to be a long-time recovery, like what Luna event caused. But keeping crypto-spirit is more important than speculating, which teach you more about the evolution of organization, convenient interaction and future. Likewise, for the market, trouble make it mature.
In the last week, SOL did not fall sharply, but only slowly fell below the support level. This doesn’t mean that the bulls of SOL is stronger than that of BTC or ETH. This is the characteristic of SOL. When there is no dump in groups in the market, the decline of SOL is always slow. As a project affected by the SBF event, SOL is not out of trouble. Although the trading volume last week was lower than the week of the event, it was also higher than the previous fluctuation. If the market is affected by FUD again, the decline of SOL will be large.
Conclusion: Mostly falling. We lowered resistance level to 14 and the support level to 10. After the price falls below 10, liquidation will happen on Solend. 10 is not a stable support level, and there is no stable support level for SOL at this moment.
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.
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