Main Points:
Liquid Collective introduced a liquid staking token in Solana (Sol), in collaboration with Coinbase, Kraken, Galaxy, Digital and Fireblocks anchorage. Liquid staked sol (lssol) will serve in Institutional interest in network In the relying of funds exchanged by SOL-based exchange (ETF) receiving US regulation approval.
Can demand grow among professional investors who drive Sol above overhead resistance? Let’s review the charts to find out.
SOL PRICE OF THE PREMANCE
Sol completed the opposite head-and-shoulders pattern with a break above $ 159 on Thursday, and the Bulls successfully held the level during the retest.
The 20-day exponential transfer of average ($ 157) began to turn away, and the relative index index (RSI) rose near the overbought zone, which signed that the path of at least resistance was upside down.
If consumers maintain the price above $ 168, the SOL/USDT pair can climb overhead resistance to $ 185. It is expected that sellers will be able to defend the $ 185 level as a rest above can catapult the pair at $ 210.
This optimistic view will be neglected in the near term if the price drops and breaks below the moving averages. The pair could then drop to $ 144 and eventually to $ 137.
Related: Bitcoin is digging us PPI Win with $ 120k Liquidity Grab on Bulls’ Radar
Bulls stop bears attempts to pull and maintain the price below $ 159. That suggests a $ 159 level is that -flip to support. Consumers have further strengthened their position by pushing the price above $ 169. The pair could sink to $ 180 to $ 185 zone resistance.
Time is running out for bears. They need to quickly drop the price below a $ 169 level to get the aggressive bulls. That could sink the pair to $ 159. The trend is tilt in favor of bears at a break below $ 155.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
