您现在的位置是:Solana is facing a major sell >>正文
Solana is facing a major sell
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛6人已围观
简介After hitting all-time highs in November last year, Solana (SOL)has really been under massive pressu...
After hitting all-time highs in November last year, Solana (SOL)has really been under massive pressure. The coin is now approaching its last support. If that level is breached, then we could be looking at a massive sell-off. Here are some highlights:
The $80 support level remains the most important for Solana (SOL) right now,
If the altcoin falls below this, we could see a fall towards $50 before the next leg up.
At press time, Solana (SOL) was trading at $88, up around 4% for the day.
Data Source: Tradingview
Solana (SOL) – The selloff risk
The recent rally in the crypto market has seen Solana (SOL) put some distance between the crucial support zone of $80. But there is still a huge sell of risk right now. How long the altcoin is able to keep the price action above $80 remains to be seen.
However, if bears can put enough pressure to drop SOL below $80, then it is likely that the coin will plummet towards $50 in the near term. This will represent a nearly 40% wipeout. But what can bulls do?
Well, the key is to get SOL above $102. This will put the altcoin above several key resistance zones before the $80 mark. While this may happen, it seems highly unlikely given the massive volatility we have seen in the market.
Should you stay clear of Solana (SOL)?
Well, as long as the sell-off risks remain, there is no need to get into SOL just yet. For long-term investors, it would be advisable to watch how the price action plays out.
If we fall below $80, then give it a few days or weeks, and SOL will be selling at a massive discount. But if bulls can get it above $100, buy it then.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/594676.html
相关文章
DEA announces new game Cookin' Burger
Solana is facing a major sellDEA has released a new game title and launched an NFT sale that goes went live on 18 March.Digital E...
阅读更多
Bitcoin price prediction: How low can it drop?
Solana is facing a major sellBitcoinprice continued consolidating in Monday as a somber mood engulfed the cryptocurrency industry...
阅读更多
Icon rallying on Korean presidential win: where to buy ICX
Solana is facing a major sellBy its own admission, the South Korean ecosystem Icon has done more to educate the government on cry...
阅读更多
热门文章
- Developer Activity On Ethereum Records 7
- Is AAVE token a good crypto to buy today?
- Heavy sell
- Ark Invest adds $20.5M Coinbase shares: COIN share price down 7%
- Anonymous “Bitcoin” Man Organises Crypto Easter Egg Hunt
- Terra (LUNA) surges by 20% today as it overtakes Ethereum to become the most staked crypto
最新文章
Crypto market maker Wintermute has funds stuck on FTX
XLM is up by 2% as Stellar Development Foundation invests in Wave
EOS is up by 3% today after EOS Foundation launched its ecosystem fund
Sony Network Communications and Astar Network Launch a Joint Web3 Incubation Program
Bitcoin ATM operator RockItCoin announced acquisition of Tao Bitcoin
TON surges by 10% despite the broader market’s bearish run