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Solana may not hit $200 this cycle, even with bullish signs – Why?

AMBCrypto LogoAMBCrypto14h ago

Solana may not hit $200 this cycle, even with bullish signs – Why? - AMBCrypto

Quick Summary:

Investors should remain cautious, as robust buying momentum is essential to breach key resistance levels.

If this trend doesn’t reverse, the chances for a rebound may falter, marking the fifth consecutive time the $160 resistance remains unchallenged.

Additionally, after a sloppy end to the September cycle, marked by a dramatic drop in active wallet count from nearly half a million to 800,000 in just two weeks, October has seen a surge in liquidity.

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Solana may not hit $200 this cycle, even with bullish signs – Why? - AMBCrypto (Picture 1)Solana may not hit $200 this cycle, even with bullish signs – Why? - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Ripley G

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-20 @ 15:00:05 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23138169

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About AMBCrypto

AMBCrypto Logo

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #103

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The outlet is headquartered in United States and publishes an average of 17 news stories per day.

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  • URL: https://beamstart.com/news/solana-may-not-hit-200-17294375173367

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