BONK!
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📊NEUTRAL: #SOL USDT $SOL by JustTradeSignals
SOL /USDT has formed an inverted Head and Shoulder pattern with strong bullish divergence, indicating a potential uptrend. Buyers are actively bidding, with a target of 250 if selling pressure subsides.
Will #SOLANA #BONK Turn Bullish ❓❓❓
- Market volatility: Bitcoin dropping, affecting altcoins like Solana.
- Solana still consolidating with strong network usage and total value locked.
- Technical analysis: Resistance and support levels for Solana at 172-175 and 160-158.
- Importance of Solana's performance against Bitcoin, which has declined recently.
- Solana's fundamentals are still considered good.
- Expectation for Solana to drop to the support level of 160-158, with a strong reaction anticipated but not necessarily a rally.
- Possibility of a bearish breakout if Solana fails to gain momentum from the support level.
The price of $BONK is doing exactly what I said it would do in my analysis last week.
It was rejected by the resistance and now needs to bounce from the orange area of support to stay bullish.
If we can stay above this area, I am expecting new ATHs very soon for #BONK!
P.s Remember, this is just information , not, financial Advice! Always do your own research before making any investment
$BTC $SOL #ETFApproved $BONK #Trading #Meme
SOL /USDT has formed an inverted Head and Shoulder pattern with strong bullish divergence, indicating a potential uptrend. Buyers are actively bidding, with a target of 250 if selling pressure subsides.
Will #SOLANA #BONK Turn Bullish ❓❓❓
- Market volatility: Bitcoin dropping, affecting altcoins like Solana.
- Solana still consolidating with strong network usage and total value locked.
- Technical analysis: Resistance and support levels for Solana at 172-175 and 160-158.
- Importance of Solana's performance against Bitcoin, which has declined recently.
- Solana's fundamentals are still considered good.
- Expectation for Solana to drop to the support level of 160-158, with a strong reaction anticipated but not necessarily a rally.
- Possibility of a bearish breakout if Solana fails to gain momentum from the support level.
The price of $BONK is doing exactly what I said it would do in my analysis last week.
It was rejected by the resistance and now needs to bounce from the orange area of support to stay bullish.
If we can stay above this area, I am expecting new ATHs very soon for #BONK!
P.s Remember, this is just information , not, financial Advice! Always do your own research before making any investment
$BTC $SOL #ETFApproved $BONK #Trading #Meme