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Event ends: August 9, 16:00 UTC
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#SOL#
๐ฅโ $SOL future price analysis from current trend.
โ ๐ฅ Figure-1 chart displays that if $SOL continue to move in descending channel for some time. It may be possible that it breaks the support of the descending channel then the price might dump towards the $85-$110 zone. A good opportunity for short sellers to have a position.
โ ๐ฅ As displayed in figure-2 chart, The price of $SOL is moving towards the resistance of the descending channel. It needs buyers volume to break that resistance, if it breaks that then it may possibly retest the horizontal support zone, the price might go upward in the direction of $180-$220. A good opportunity for those who are waiting for long entry.
โ ๐ฅ Spot buyers need to wait, if they bought at higher price then wait for $SOL to comes around lower support of the channel and then can do DCA(DOLLAR COST AVERAGE) and HODL for some time to gain reward. It is an observation from data that SOL will only do 3-4x maximum during the current market. So far, have to show some patience and determination for profit.
๐PLEASE PRESS FOLLOW if you like and agree with the idea and want more information about other crypto currencies. DYOR for financial activities. This information is only for learning and education purposes. Thank you.
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