![Solana [SOL]: A new buying opportunity is feasible at $21.27, but only if…](https://i.headtopics.com/images/2023/5/7/cryptoamb/solana-sol-a-new-buying-opportunity-is-feasible-at-solana-sol-a-new-buying-opportunity-is-feasible-at-1655257434674298881.webp)
Solana [SOL] faced another price rejection at the FVG zone of $23.2 - $24.0. The pair could retest the zone again.
$21.27 support – Is a retest feasible?The sharp drop on 19 April left an FVG between $23.19 and $24.01. Price action filled the zone on 19 and 30 April, leading to a sell-off. The drop retested $21.27 support, followed by a rebound that faced rejection at the same FVG zone.
A pullback retest at the $21.27 support and confirmed uptrend could offer a new buying opportunity, targeting the immediate obstacle at the FVG. The stop loss will be $20.36, just below the support. A close below the support zone near $21.27 will invalidate the above bullish thesis. The support has proven steady since the second half of April and will indicate a weakening structure if it cracks. Such a downswing could see SOL retest at $19.92 or March lows of $17.30.
The RSI fluctuated near the median level – indicating the buying and selling were equal in the same period. Similarly, the CMF hovered near the zero mark – evidence of fluctuation between outflows and inflows of money into SOL’s market.Solana [SOL] Price PredictionAccording to Santiment, SOL saw significant fluctuations in trading volume since the end of April. At press time, the volume declined further, limiting prospects of a strong recovery.
The negative sentiment also deepened at the time of writing as funding rates flipped to negative. It shows investors’ confidence in the asset was dented, and demand in the derivates market faltered. However, a bullish BTC could quickly change SOL’s fortune.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Solana’s latest surge can kickoff a bullish wave — will SOL get up to speed?Solana's overall activity surged over the last 24 hours. The protocol also witnessed improvements in the DeFi space as stablecoin growth increases.
اقرأ أكثر »
Cardano NFTs grow from strength to strength – enough to flip Ethereum and Solana?The NFT bear market may have offered other blockchains a chance to compete with the stakeholders. Cardano NFTs seem to be leading this charge.
اقرأ أكثر »
![Can this initiative revamp Solana’s [SOL] NFT space dampened with the exit of Y00ts and DeGods](https://i.headtopics.com/images/2023/5/6/cryptoamb/can-this-initiative-revamp-solana-s-sol-nft-space--can-this-initiative-revamp-solana-s-sol-nft-space--1654690700431163392.webp?w=640)
Can this initiative revamp Solana’s [SOL] NFT space dampened with the exit of Y00ts and DeGodsThe Solana Foundation launched its first NFT pitch contest, aimed at encouraging budding creators to build new NFT brands that have real world impact.
اقرأ أكثر »
CRIME HUNTER: Suspected Black Widow Sarah Hartsfield's death stenchEither Sarah Hartsfield has faced trials and tribulations worthy of a daytime soap opera heroine or she\u0027s a cold\u002Dblooded killer.
اقرأ أكثر »
Analysis | Jays bats give José Berríos more than enough support to bury PiratesThe Jays led 7-0 after three innings, while Berríos set down the first 13 Pittsburgh batters he faced on Saturday.
اقرأ أكثر »
CRIME HUNTER: Suspected Black Widow Sarah Hartsfield's death stenchEither Sarah Hartsfield has faced trials and tribulations worthy of a daytime soap opera heroine or she\u0027s a cold\u002Dblooded killer.
اقرأ أكثر »