We saw US stocks, XAU/USD and some other FIAT/USD rebounded significantly last week. The gradual cooling of the employment data and the lower-than-expected CPI data made the financial markets excited again. Unfortunately, the crypto-market missed the gains this time due to the SBF event, and many tokens fell below the lows of the year. Like the panic created by the Luna, it will take a long time to fix. Before the arrival of December, there will be no important economic indicators announced. At most it will be the speeches of Fed officials, so all kinds of assets have power to continue rising.
As a project supported by SBF, the SOL dumped violently and even became the low point on this chart. If you look at our views on BTC and ETH, you can easily find that SOL has the weakest bulls among the three. The green candle after 4 long red candles is insignificant and at the weekend the price fell below the low again.
Conclusion: Mostly falling. As mentioned in our previous article, after the support level of 28 is broken, there is almost no support below it, and it is still possible to continue to fall even now. We downgraded resistance level to 18 and support level to 12. This range is not as solid.
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.
As a project supported by SBF, the SOL dumped violently and even became the low point on this chart. If you look at our views on BTC and ETH, you can easily find that SOL has the weakest bulls among the three. The green candle after 4 long red candles is insignificant and at the weekend the price fell below the low again.
Conclusion: Mostly falling. As mentioned in our previous article, after the support level of 28 is broken, there is almost no support below it, and it is still possible to continue to fall even now. We downgraded resistance level to 18 and support level to 12. This range is not as solid.
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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