Gas or Brake First? Chill Analysis of Solana (SOL) Today!
Hey fam! Here we are again to chat about our favorite crypto. This time, letโs take a peek at the Solana (SOL/USDT) chart, which is currently under the spotlight on Binance.
โWhere is SOL Now?
Well, from this chart, itโs clear that SOL is โparkedโ around 86 USDT. The price is slightly โin the redโ (-0.60%), so it's taking a breather after possibly running fast previously.
โSignals from the Chart:
Our analyst team has caught something interesting. See those blue lines? Thatโs a โtriangleโ pattern. It means SOLโs price is getting squeezed and is looking for a new direction. The market is holding its breath, right now.
โUpper & Lower Barriers:
Thereโs a โwallโ of resistance around $90.7 (the top purple line) thatโs hard to break through. But below, thereโs a โfloorโ of support around $82.6 (the bottom purple line). Thereโs also a mid-level floor around the current price, $86.03.
โWhatโs Next?
Currently, the market is in a wait-and-see mode. If it manages to breakout above $90.7, it could potentially run again. But if it breakdowns below $82.6, well, better buckle up. The Long and Short buttons below show that traders are confused about the direction.
โTips:
Always DYOR (Do Your Own Research) and donโt fomo! Trading is a marathon, not a sprint. Happy hunting for profits, fam ๐โ
$SOL #Write2Earn #TradingPemula #BelajarTrading