baigxy

SOLUSD 2 possibility

FTX:SOLUSD   Solana
After the price went bullish above $200, then the price stayed bearish in a downtrend channel for past 2 weeks.. at the moment the rsi and macd shows the price had been oversold and there could be possibility the price can become bullish or remain bearish for another week or month.. For price to continue in bullish momentum it need to break the level of 150 to continue towards $200... The price also need to stay above the level 124, if price fall below the level 124 then it'll most likely continue bearish with 50ma crossing below 200ma (usually if that happens the price take quite a while to recover). At this point there is no real confirmation of price will fall or rise until the resistance or support breaks..

Good luck
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