Today news
About the same in other media
06.12 - 11:27
Solana’s descending triangle threatens deeper sell-off
Reading now: 894
ambcrypto.comDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
Mirroring a wider market correction, Solana registered a 5.7% drop over the last 24 hours. Furthermore, a descending triangle setup exposed the market to a deeper retracement, should the 200-SMA (green) fail to cushion incoming losses. This outcome was backed by sell signals present on the RSI, MACD, and Aroon.
Source: SOL/USD, TradingView
Consecutive lower highs and steady lows around $220 gave rise to a descending triangle setup on SOL’s chart. The bearish pattern usually triggers a breakdown once bulls are unable to contain selling pressure above the lower trendline. In SOL’s case, its closest defense was
Read more on ambcrypto.comAbout this in other media
Bitcoin climbs back above $57,000 as cryptocurrencies rebound from sell-off cnbc.com /3 years ago
Bitcoin retreats 20% from record, joining risk-asset sell-off economictimes.indiatimes.com /3 years ago
Stock futures move higher after Friday's big sell-off, investors monitor omicron Covid variant cnbc.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
