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Home Cryptocurrency

Altcoin Thursday SOLANA

Wayne Russo by Wayne Russo
March 31, 2022
in Cryptocurrency
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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.

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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

Bitcoin, Ethereum Cash, and other cryptocurrencies are investments. Bitcoin, Bitcoin Cash, Ethereum, etc. These are highly speculative investments and can be subject to market risk. Author’s analysis is intended to be used as information only and not as investment advice.

Altcoin Thursday: SOLANA ZebPay | Buy Bitcoin & Crypto.

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