bitcoin (B T cWith the loosening of dominance, several altcoins have seen a rise, the most notable of them being Solana (Fifth note of musical scale) happened.
1.70 percent loose in a short time btc dominance, Brought spring mood in altcoins. While various altcoins were up, these gains were temporary with the volatility of BTC. But the growth momentum in SOL hasn’t died down completely. The leading coin, which started an upward move from $24, surpassed $25 and got ready for the next resistance. But what does the technical side portend for SOL?
Solana (left) graphic evaluation
After running the $22.30 support multiple times, SOL finally found a huge response from here and targeted the upper resistance level. The popular coin, which has made an upward move by gaining strength from BTC dominance, can target $27.15 and $29.13, as long as it surpasses $25.59. In this process, developments in the Solana ecosystem as well as BTC price volatility can be decisive.
An increase in BTC dominance, BTC losing $28,900 support or FUD news about the ecosystem will push SOL price down. The support areas to follow in such a scenario are $23.83 – $22.30 – $20.43 and $19.30 respectively.
Leave a Reply