From a technical perspective, the moving averages of SOL are in a long positions arrangement, and there is a bullish resonance formed with the engulfing pattern, which theoretically supports the price increase. However, caution is warranted regarding hidden dangers: during the pump process, the Trading Volume has significantly shrunk, and the divergence between price and volume is prominent, indicating insufficient upward momentum, raising doubts about the sustainability of the subsequent rise.



Operation suggestion: around 227-238 for support, looking down at around 222. #ContentStar#
SOL6.34%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)