English
13246
If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 One crypto analyst noted that Solana (SOL) may be on the verge of a key directional choice after rising to the parallel channel resistance area at $210. Recently, Solana’s price action has been oscillating in a sideways parallel channel. Analyst Ali Martinez wrote on the X platform that from a technical structure perspective, this pattern means that the market is still in the consolidation stage.  The so-called parallel channel means that the currency price repeatedly runs between two almost parallel trend lines: The upper rail usually acts as a pressure level, and it is easy to form a local top after the price reaches it.； The lower track serves as a support line and can often provide rebound momentum when bottoming out. When the price breaks through the upper edge of the channel or falls below the lower edge, it often means that the trend direction may be re-established. Channel trends can also be divided into three categories: If the slope is positive, it is an “ascending channel””； A negative slope is a "descending channel"” ； When the two boundary lines are parallel to the time axis, a sideways consolidation structure is formed. The current SOL trend falls into the last category. According to the 4-hour chart shared by Martinez, Solana found solid support after re-touching the lower track of the channel last week, and has since rebounded to approach the upper resistance area. As the price of the currency approaches the $210 mark again, he believes that the market may experience new volatility nodes.  If the price fails to break through this resistance, it may fall back to the $176 area to find support in the short term.； However, if it successfully breaks through on heavy volume, Solana's trend may turn to a strong upward trend, forming a sustained bullish continuation structure. Whether the current channel can be effectively broken through will determine the direction of the market outlook. As of press time, SOL is quoted at approximately US$200, with a cumulative increase of approximately 7.5% in the past seven days. Market sentiment has gradually turned positive, but bulls and bears are still competing at key points.  If you don’t know what to do in the bull market, you are welcome to scan the code to join the group for free. The spot code and layout strategy of the bull market can be shared for free. Welcome to private message me to join us Penguin number can be added: 3838974575 |
|
|
|
|
|
