Main point:
ReX shares launched the first trading box in the Curved currency in the United States on Wednesday, giving investors Direct exposure To Solana (Teller) And an opportunity to earn the return through stokeing.
Although the price procedure has shown a promise in the past few days, the recovery has faded on Tuesday. Can buyers pay the price above the public resistance in the next few days? Let’s analyze the plans to find out.
Predicting at the price of Solana
Solana refused from the simple moving average for 50 days ($ 156) on Monday, indicating that the bears are shown to the level in a manner.
On the negative side, the bulls are trying to arrest the withdrawal on the SIA moving average for 20 days ($ 148). This indicates the purchase of every slight retreat. If the recovery continues, the possibility of a break over SMA for 50 days increases. The Sol/USDT husband can rise to $ 168 and eventually to $ 185.
Sellers may have other plans. They will try to withdraw the price to strong support at $ 140. Buyers are expected to defend $ 140 with all its strength, because the break below may open the doors to fall to $ 126 and then to $ 110.
Related to: Sol ETF news evaporates, while the graph warns by another 20 %
The pair recovered from 50-SMA on the graph for 4 hours and rose above 20-day. The aggressive purchase indicates lower levels. If buyers maintain the price above 20-ema, the husband can jump to $ 155 and then to 159 dollars.
A break and closing $ 159 will complete a reverse pattern of the head and shoulder, which has a targeted goal of $ 192.
On the contrary, a break and closure of less than $ 144 indicates that the bears are sold in every minor gatherings. The husband may then reject a support zone from 140 to 137 dollars.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
publish_date
