$SOL a 104.7: will it break 105.5 or fall to 101.2?
$SOL is trading at 104.7 US$, while $ZEC (+0.5%) and $NEAR (+0.4%) lead the radar.
The 24-hour range is between 100.4 and 106.2, with a volume of 184 M. EMA20 at 104.4 and EMA50 at 106.3 indicate a sideways trend, and the RSI at 49.7 shows indecision.
Key support at 101.2 protects the downside; if that level breaks, the bearish scenario kicks in, and we could see a drop toward 100.4. On the upside, immediate resistance is at 105.5; breaking above it would invalidate the selling pressure and open the way to 108.4.
Positive funding of 0.0087% and 69 % of accounts being long point to a bullish bias, but the selling pressure near 105.5 smells like a trap to me. Will it break 105.5 or return to 101.2? 🟢/🔴
#solana #zcash #near
This is not financial advice. Verify before investing.
$SOL is trading at 104.7 US$, while $ZEC (+0.5%) and $NEAR (+0.4%) lead the radar.
The 24-hour range is between 100.4 and 106.2, with a volume of 184 M. EMA20 at 104.4 and EMA50 at 106.3 indicate a sideways trend, and the RSI at 49.7 shows indecision.
Key support at 101.2 protects the downside; if that level breaks, the bearish scenario kicks in, and we could see a drop toward 100.4. On the upside, immediate resistance is at 105.5; breaking above it would invalidate the selling pressure and open the way to 108.4.
Positive funding of 0.0087% and 69 % of accounts being long point to a bullish bias, but the selling pressure near 105.5 smells like a trap to me. Will it break 105.5 or return to 101.2? 🟢/🔴
#solana #zcash #near
This is not financial advice. Verify before investing.