Hello Binance Square community! 👋

An interesting moment is approaching for the SOLBTC pair (Solana/Bitcoin). After a long accumulation period, the important support area over the past 300 days has been activated, hinting at the possibility of a new bullish wave.

Main development: What is happening with SOLBTC?

1. 300-day support area

The SOLBTC pair is fluctuating in the range of 0.001700 to 0.002000, which is a strong support area that has been maintained for over 300 days. This creates a solid foundation for potential recovery.

2. Bullish reversal signals

The recent drop has activated this support area, while forming a bullish reversal pattern – a positive signal that long-term investors should pay attention to.

3. Higher Low

The most recent correction has formed a higher low compared to the bottom of March 2024. This is an indicator that the downward trend has weakened and the price may start to rise again.

The significance of this development for you

If you are a long-term investor or looking for opportunities to accumulate SOLBTC, this may be the right time to participate. However, as usual, the crypto market always carries strong volatility, so careful consideration is needed.

Key points to note

📌 Long-term support area

The area 0.001700 – 0.002000 has proven to be an important price foundation for a long time. This is an opportunity for SOLBTC to surge strongly.

📌 Bullish reversal potential

With signals like higher low and the activation of the support area, SOLBTC may soon confirm a bullish trend.

📌 Always research thoroughly

Before making any investment decisions, ensure you have researched thoroughly and assessed the risks according to your appetite.

We will continue to accompany you!

Our team will continue to monitor and update the latest developments on SOLBTC. Stay tuned for more analytical information and useful trading tips on our channel!

👉 Please share your views: Are you following SOLBTC? What do you think the next trend will be like?

📢 Note: This is not financial advice. Please do your own research and consider before investing.