Gas or Brake First? Chill Analysis of Solana (SOL) Today!
Hey fam! Here we are again to chat about our favorite crypto. This time, let’s take a peek at the Solana (SOL/USDT) chart, which is currently under the spotlight on Binance.
Where is SOL Now?
Well, from this chart, it’s clear that SOL is ‘parked’ around 86 USDT. The price is slightly ‘in the red’ (-0.60%), so it's taking a breather after possibly running fast previously.
Signals from the Chart:
Our analyst team has caught something interesting. See those blue lines? That’s a ‘triangle’ pattern. It means SOL’s price is getting squeezed and is looking for a new direction. The market is holding its breath, right now.
Upper & Lower Barriers:
There’s a ‘wall’ of resistance around $90.7 (the top purple line) that’s hard to break through. But below, there’s a ‘floor’ of support around $82.6 (the bottom purple line). There’s also a mid-level floor around the current price, $86.03.
What’s 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.
Tips:
Always DYOR (Do Your Own Research) and don’t fomo! Trading is a marathon, not a sprint. Happy hunting for profits, fam 😉☕
$SOL #Write2Earn #TradingPemula #BelajarTrading