តម្លៃ SOL trades on a muted note with modest gains. The price glides into a tight range with limited price action. However, the formation of the ‘Doji’ candlestick indicates indecision among investors. As the altcoin hovers in a narrow phase, the next candlestick would set the directional bias.
- SOL price retreats below $50.0 as the selling pressure remains intact.
- On the 4-hour chart, the price approaches the 20-day EMA predicting more gains above this level.
- A weekly candlestick below $36.0 would invalidate the bullish outlook on the asset.
SOL price trades sideways
SOL price is still struggling to recover post a broader market sell-off. There seems to be no end to this massive downside trend. On moving down, the SOL price tested the lows of $35.0 for the first time in 10-month.
The descending trend line from the record highs acted as a strong resistance barrier for the bulls. The price tested the bearish line thrice but was unable to get through making lower lows. A slippage below the 20-day EMA (Exponential Moving Average) at $118.07 on March 28. Since then, the price dropped by 69%.
ប្រភព៖ ទិដ្ឋភាពពាណិជ្ជកម្ម
Currently, the price hovers near the crucial $50.0 mark, a sustained buying pressure would push the price higher to test $60.0. The next upside filter stands at 100-day EMA (Exponential Moving Average) at 74.
On the flip side, a weekly candlestick below $36.34 would invalidate any bullish outlook on the asset. In that case, the price could drop to the levels last seen in August 2021, at $32.36.
គិតត្រឹមម៉ោងសារព័ត៌មាន SOL/USD ជួញដូរនៅ $50.24 កើនឡើង 2.66% សម្រាប់ថ្ងៃ។
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
Source: https://coingape.com/markets/sol-price-analysis-is-60-0-around-the-corner-on-the-4-hour-chart/