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According to Coingabbar Price Analysis, SOL price faces rejection at the rising channel's top and psychological $80 levels.
SOL price faces rejection at the rising channel's top and psychological $80 levels.
Bulls successfully breach the neckline of the rounding bottom pattern but fail to sustain, resulting in a retreat.
Price declines below $70 after being rejected from the channel's upper boundary.
SOL's price finds support at the 20 EMA and hovering near $70.
On the hourly chart, SOL is trading inside the horizontal channel pattern.
KEY LEVELS :
RESISTANCE LEVEL : $71.50-$74.00
SUPPORT LEVEL : $67.50-$65.50
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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