SOL's uptrend remains intact, but a closer look at the chart reveals a flatlining volume, which could be a cautionary sign.
As long as SOL stays above the critical support level of 70.58, it's likely to continue its upward momentum and test the next resistance level at 79.04.
SMA7 and SMA25 are above the current price, 10-bar trend is bullish, and chart bias score indicates a LONG bias.
A daily close under 70.58 would invalidate this thesis and suggest a potential reversal.
Are you buying the dip on SOL, or do you think it's a trap?
#MarketAnalysis #CryptoInsights
As long as SOL stays above the critical support level of 70.58, it's likely to continue its upward momentum and test the next resistance level at 79.04.
SMA7 and SMA25 are above the current price, 10-bar trend is bullish, and chart bias score indicates a LONG bias.
A daily close under 70.58 would invalidate this thesis and suggest a potential reversal.
Are you buying the dip on SOL, or do you think it's a trap?
#MarketAnalysis #CryptoInsights