Bollinger Bands — Bearish Reversal Alert 🚨

The markets have been heating up lately. While the chances are solid that we are at the beginning of a bullish run, there are also short-term warning signs. One of them is the bearish reversal alert based on the Bollinger Bands. This alert is triggered when the price reaches or exceeds the upper band.

Here are ten tokens that flashed this signal on the daily chart sorted by market cap.

- Solanda $SOL

- Dogecoin $DOGE

- Cardano $ADA

- Arbitrum $ARB

- VeChain $VET

- Cosmos $ATOM

- Jupiter $JUP

- Flow $FLOW

- Axie Infinity $AXS

- Mina Protocol $MINA

It is worth mentioning that, in a bullish market, an asset can trade along the upper band for a more extended period. However, at some point, the price returns (at least short-term) to the middle band. I attached Solana's chart, which shows this perfectly.