cryptd.in

另类 LinkedIn 适合加密人才

Solana (SOL) Sits at a ‘No Trade’ Zone as a Huge Move Looks Imminent: Analyst

-

由

cryptd.in
于

Solana’s native token has been trading in a tight range recently and remains suppressed below $100 due to ongoing bearish sentiment and macro headwinds.

According to one popular analyst, though, this might be the calm before the storm, predicting an explosive move in the short term.

Buckle up

As of this writing, SOL is worth around $86 (per CoinMarketCap’s data), after forming a local bottom at roughly $77 in February and a local top at $94 a month later. One person who touched on the asset’s performance is Ali Martinez, describing anything within that range as a “no trade” zone.

“Chasing candles inside this consolidation often leads to being chopped up,” he added.

Moreover, the analyst claimed that SOL’s Bollinger Bands have squeezed on the 3-day chart. The indicator, developed by John Bollinger, uses a moving average with two channels above and below it. These bands widen when the market gets volatile and tighten when things calm down.

Extreme squeeze is usually seen as a precursor of a major move, which can happen at any time. It is important to note that the direction remains unclear, meaning that a sudden crash is also in the cards.

“This high-timeframe squeeze could act like a coiled spring. The longer the price stays in here, the more energy it builds for the eventual breakout,” Martinez concluded.

Earlier this week, Bitcoin’s Bollinger Bands squeezed as never before on a monthly scale. That said, it will be interesting to follow whether SOL and BTC will break out in tandem in the near future.

Mixed Signals From These Metrics

Over the past few weeks, a noticeable amount of SOL has flowed from self-custody to centralized crypto exchanges. This development is typically considered a pre-sale step and could serve as a warning for impending correction.

SOL Exchange Netflow
SOL Exchange Netflow, Source: CoinGlass

At the same time, Solana’s Relative Strength Index (RSI) remains quite close to the bullish zone of 30 on a weekly scale. The technical analysis tool measures the speed and magnitude of recent price changes to give traders a potential idea about reversal points. It runs from 0 to 100, where readings below 30 signal the asset is oversold and due for a resurgence, while anything above 70 are interpreted as bearish territory.

SOL RSI
SOL RSI, Source: Crypto Waves

职位 Solana (SOL) Sits at a ‘No Trade’ Zone as a Huge Move Looks Imminent: Analyst 首次出现在 加密土豆.

评论

发表回复

您的邮箱地址不会被公开。 必填项已用 * 标注

最新信息

热门类别

zh_CN 简体中文
zh_CN 简体中文 en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (74) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (4) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (6) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接，希望与大家分享。