Candlestick & Trend • The last candlestick shows bullish rejection, as the previous price dropped to $2.29 but closed higher at $2.3346. • There is a higher low (HL) at $1.9000, indicating potential uptrend if the price can break through resistance around $2.35 - $2.37.
Bullish Scenario (Up) • If the price breaks through $2.37 with high volume, potential rise to $2.50 - $2.60. • If there is a pullback to the $2.29 - $2.30 area and there is a bullish reaction, it could be a good entry for buying.
Bearish Scenario (Down) • If the price fails to break through $2.35 - $2.37 and drops again, there is a possibility of testing support at $2.29 or even $2.20 - $2.15. • If support at $2.20 breaks, potential retest to $1.90 again.
$SUI I don't know for sure, it could be wrong or right, but SUI is better than $SOL in terms of price, but the monthly closing is quite lengthy. There is a possibility of reaching $1.7 next month if the bearish trend continues. Hope I'm wrong.
#Trump Inauguration Impact Supporting Crypto: Will It Be The Same As “Buy the Rumor, Sell the News”? If Donald Trump is re-elected as president and publicly supports cryptocurrency, it could potentially create a market pattern similar to the “buy the rumor, sell the news” phenomenon. This pattern is common in the investment world, where initial expectations of an event drive prices up, only to be followed by a sell-off after the event occurs. Potential Market Reaction
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