Most people think this recovery is a sure thing but the chart is actually telling a different story.
$SOL is finally showing some life after sitting in that boring range for weeks. We just broke past ninety and reached ninety four which is a good sign for the bulls. But look at those wicks on the daily candles. It looks like people are taking profits as soon as it hits these levels.
The volume is decent but we need a solid close above ninety seven to really confirm that the downtrend is over. If we can’t clear that soon then we might just bleed back down to the eighty level to find more buyers.
I am watching the order book closely because it looks pretty balanced right now. No one is really pushing hard yet.
SOL
92.76
+3.38%