๐ Analysis of Coin $SOL on the Daily Frame
Hey guys, $SOL bounced off its bottom at $60.13 and hit $74.79 with a rise of +3.27% today ๐
The price broke through MA(7) and MA(25) from below to above, and the MACD turned positive at +1.23 โ which means the momentum is starting to shift in favor of the buyers ๐ง
Suggested entry: $72 โ $74.79
๐ฏ Target 1: $83.47 (MA99)
๐ฏ Target 2: $91.90
๐ฏ Target 3: $98.41
๐ด Stop Loss: below $68
About the coin โก
Solana or SOL is one of the fastest blockchains in the world, capable of processing thousands of transactions per second at very low fees. It directly competes with Ethereum and has a huge development environment for DeFi, NFTs, and meme coins. A lot of developers have migrated to it in the last couple of years due to its speed and low cost ๐
โ ๏ธ This is not financial advice. Trade responsibly โ and we must stick to the stop loss, it's what protects your capital. ๐ก๏ธ
#sol #solana
Hey guys, $SOL bounced off its bottom at $60.13 and hit $74.79 with a rise of +3.27% today ๐
The price broke through MA(7) and MA(25) from below to above, and the MACD turned positive at +1.23 โ which means the momentum is starting to shift in favor of the buyers ๐ง
Suggested entry: $72 โ $74.79
๐ฏ Target 1: $83.47 (MA99)
๐ฏ Target 2: $91.90
๐ฏ Target 3: $98.41
๐ด Stop Loss: below $68
About the coin โก
Solana or SOL is one of the fastest blockchains in the world, capable of processing thousands of transactions per second at very low fees. It directly competes with Ethereum and has a huge development environment for DeFi, NFTs, and meme coins. A lot of developers have migrated to it in the last couple of years due to its speed and low cost ๐
โ ๏ธ This is not financial advice. Trade responsibly โ and we must stick to the stop loss, it's what protects your capital. ๐ก๏ธ
#sol #solana