Are you ready for trading Sol in September 🫰🫶
In September 2024, key points for buying and selling Solana (SOL) are as follows:
Buying Points
Cyclical Low Expected: A significant swing low is anticipated around September 5, aligning with Solana's 21-week cycle, which may present a buying opportunity.
Resistance Breakthrough: If SOL surpasses the resistance level at $151, it could lead to price increases towards $164 and possibly $220, indicating a strong buying signal.
Selling Points
Declining Network Activity: A notable drop in network usage and active addresses raises concerns about long-term sustainability, suggesting caution for sellers.
Support Levels: If SOL falls below the support level of $137.65, it could indicate a bearish trend, prompting selling actions to mitigate losses.
DYOR
