$SOL is down 35% or almost $100 from its ATH a month ago and is currently at an important support level. But will it hold?
The average of 75% of traders on Binance, ByBit, and OKX were long on Solana during the last 24 hours and over 80% of top Binance traders are longing it, too. The taker volume is traditionally neutral at 50%.
The market is extremely oversold on 1H and 4H timeframes with the average RSI of 27 and is oversold to slightly neutral on the daily timeframe with the average RSI of 39.
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A bottom signal flashed for $LDO in our Pi Cycle Bottom Indicator.
Apart from this, 2-Year MA Multiplier indicator confirms this too as Lido price exited the oversold area at $2 a couple of days ago and is currently on its way upward to the EQ line at $6 and the top 2YMAx5 line at $10.
Something massive is coming for Trading Digits. Really soon we'll announce the most important update for our platform since its launch. Can you guess what will it be?
Bitcoin Fear and Greed Index is at 80, which is Extreme Greed, and the averaged monthly index for both November and December has so far been Extreme Greed too. Does this mean we will correct soon?
Although it's impossible to know, it might not necessarily be true as during the last bull market in 2020-2021 the averaged Fear and Greed index remained in the Extreme Greed zone for 4 consecutive months in November through February and then turned to Greed for two months more before reversing into Extreme Fear.
You voted and we will deliver. New Narrative Tracker tool will be released this month, featuring historical trend data on more than 15 crypto narratives by both market cap and volume.