$SOL
broke the 200SMA of the 4h chart, unlike
$BTC
or
$ETH
In the recent drop, SOLANA crashed 12% and though it held above the 50SMA of the Daily Chart, it has broken below the 200SMA of the 4h chart.
That suggests that SOL now has to recover the 200 SMA of this chart AS WELL AS that red box, otherwise the daily chart's 50SMA which sits at $107 is at risk.
broke the 200SMA of the 4h chart, unlike
$BTC
or
$ETH
In the recent drop, SOLANA crashed 12% and though it held above the 50SMA of the Daily Chart, it has broken below the 200SMA of the 4h chart.
That suggests that SOL now has to recover the 200 SMA of this chart AS WELL AS that red box, otherwise the daily chart's 50SMA which sits at $107 is at risk.