Solana Pullback To $137: Will Bulls Break Through Or Bears Dominate?

Quick Summary:

As the cryptocurrency tests this resistance, market participants are watching closely to see if the bears will seize the opportunity to drive prices lower, or if the bulls will capitalize on this pullback to ignite a breakout.  This article aims to analyze Solana’s recent pullback to the $137 level and assess whether the bears can regain momentum to push the price lower or if the bulls will leverage this moment to drive a breakout.

Market Overview: SOL’s Recent Movement To $137 On the 4-hour chart, Solana has gained significant bullish momentum, advancing toward the $135 mark and forming multiple positive candlesticks just below the 100-day Simple Moving Average (SMA).

A bullish momentum candlestick was formed in the previous trading session, suggesting potential upward movement despite its current position below the key moving average.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: United KingdomNigerNigeria

Topics: Solana Sol Relative Strength Index SMA SOLUSDT RSI SOLUSD Simple Moving Average

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-03 @ 21:00:13 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 74 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 22358503

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Main Topics: Crypto

Official Website: newsbtc.com

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