3 Levels You Shouldn’t Miss
The post 3 Levels You Shouldn’t Miss appeared on BitcoinEthereumNews.com. Arman Shirinyan Solana has reached important price level, and next moves will determine its foreseeable future Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Solana keeps on making new headlines, brushing up against the crucial $30 price mark. This is not just a random figure; the $30 point serves as an important psychological resistance level for SOL due to the previous price action. It is worth noting that this is not the first time Solana has interacted with this price level. Looking back to July, SOL witnessed a reversal around this exact benchmark, making the current movement even more intriguing for market watchers. Source: TradingView One of the most exciting technical patterns emerging from the SOL price chart is the “golden cross.” This pattern occurs when a short-term moving average, typically the 50-day moving average, crosses above a long-term moving average, often the 200-day. Adding to this bullish narrative is the surging Relative Strength Index (RSI). For those unfamiliar, the RSI is a momentum indicator that measures the speed and change of price movements. An RSI above 70 is generally considered overbought, while one below 30 is deemed oversold. Currently, SOL’s RSI is on the rise, pointing to strong buying pressure and reinforcing the bullish stance on the asset. While the resistance level of $30 is pivotal, investors should also be keenly aware of two…
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The post 3 Levels You Shouldn’t Miss appeared on BitcoinEthereumNews.com.
Arman Shirinyan Solana has reached important price level, and next moves will determine its foreseeable future Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Solana keeps on making new headlines, brushing up against the crucial $30 price mark. This is not just a random figure; the $30 point serves as an important psychological resistance level for SOL due to the previous price action. It is worth noting that this is not the first time Solana has interacted with this price level. Looking back to July, SOL witnessed a reversal around this exact benchmark, making the current movement even more intriguing for market watchers. Source: TradingView One of the most exciting technical patterns emerging from the SOL price chart is the “golden cross.” This pattern occurs when a short-term moving average, typically the 50-day moving average, crosses above a long-term moving average, often the 200-day. Adding to this bullish narrative is the surging Relative Strength Index (RSI). For those unfamiliar, the RSI is a momentum indicator that measures the speed and change of price movements. An RSI above 70 is generally considered overbought, while one below 30 is deemed oversold. Currently, SOL’s RSI is on the rise, pointing to strong buying pressure and reinforcing the bullish stance on the asset. While the resistance level of $30 is pivotal, investors should also be keenly aware of two…
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