- The coin is trading at $28.71 around 0.73%up form the previous level
- The coin is facing rejection from 20 EMA and taking support form 200 EMA
- The coin is trading at 0.0008431 BTC around 0.36% up and 0.01322 ETH around 0.03% up from the previous level
The coin was founded in 2020 by Anatoly Yakovenko. The coin is trading at $28.49 and facing rejection from 20 EMA. The coin has the market capitalization of $14,152,192,216 and the circulating supply of 272,637,427.58 SOL. The coin has a decreasing green volume bar which indicates the loss of bullish momentum in the coin. The last 24hrs volume of the coin is $390,748,487.
CHART ANALYSIS
According to the charts we get to know that the coin is trading in a descending triangle pattern. The coin hit an all time high of $58.30 and fell from there to its lower levels at $20.49. The coin shows reversal from its support and faces rejection from the downtrend line or the upper bound of the triangle. On charts we can see three white soldier pattern which is the bullish pattern.
INDICATOR ANALYSIS
According to indicator analysis we get to know that the coin is trading above its 200 EMA which indicates a long uptrend in the coin and trading below its 20,50,100 EMA. The coin is facing resistance from 20 EMA and support at 200 EMA. The 100 EMA and 50 EMA are trading very close to each other. If they cross each other then we can fall in the coin but if 50 EMA reverses from current position then we can see bullish run in the coin
RSI is trading neutral at 46.21. The RSI reversed from its oversold zone. No sign of any divergence can be observed in the RSI
In MACD we can see that the Signal line is trading above the smacd line but the MACD line will cross the signal line in the upcoming day. Decreasing bearish histogram shows end of bearish momentum
MAJOR SUPPORT AND RESISTANCE IN THE COIN IS AT
S1= $25.01 AND S2= $20.49
R1= $32.70 AND R2= $36.20