31 MARCH 2022 | ZebPay Trade-Desk
Solana is up 28% week-on-week and up 9% in the last 24 hours. The market cap stands at around $40 billion. The asset beat its critical support price of $105 and bounced thereafter, resulting in a positive shift at the RSI. This indicates that the selling pressure is slowly decreasing.
SOL traded at $120.8 as of the writing date.
After witnessing a sharp decline from $259, SOL made a Double Bottom (Bullish Reversal), at $75, with a neckline $106. The asset broke above the neckline, and it has risen almost 20% in just three days. SOL is currently trading near $121 (Horizontal Trendline and 200 Day Moving Average) If the price closes at $121, we can expect it will continue to rally to 158. $105 will be a crucial support level for this asset.
Support 2Support 1AssetResistance 1/Resistance 2$93$105ADA$121$158
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