VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Solana forecast – outbreak is imminent! Where is the journey going?

admin by admin
July 18, 2022
in IT news
0
Solana forecast – outbreak is imminent! Where is the journey going?
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

In our last Solana forecast, we were still quite bullish in the short term, which is why we assumed a short-term increase. However, as a result, the price broke the support trend line and crashed even more than before. But how could the Solana course continue now that some time has passed and new patterns have been formed? We at CryptoTicker will explain to you today about the patterns created in the Solana chart and evaluate whether the price is likely to rise or fall in the future.

Why is an outbreak imminent?

SOL/USDT Symmetric Triangle

The Solana price has formed a trend line in recent weeks, which is constantly serving as resistance. In addition, the price has formed a trend line, which serves as a support. However, this trend line is much fresher than the resistance trend line. As a result of the fact that a resistance and a support trend line were formed at about the same time, a symmetrical triangle was formed. Such triangles usually serve as a trend continuation pattern, which is why there is a higher chance that the price will break out bearishly.

How low will Solana fall?

SOL/USDT Support

If there is a bearish breakout, which we assume, the next support is likely to be targeted. The next support is around $20. Since the Solana price is already in the last third of the triangle and has to decide soon, the price could soon fall to the support of $20 in the next few weeks, probably as early as the month of August. What happens after that is unclear for the time being. A final price drop to about $5 is not excluded.

We currently have a test offer for you! You can try our premium membership for 1€/day in the first month. Therefore, you should consider testing it if you want to be always up-to-date in the crypto market. You will receive trading ideas and professional trading support in the premium area. In addition, you will often receive information about the latest crypto trends at an early stage! So our customers could also buy various NFTs early enough. If you want to read more about our Premium trial offer, then click here.

Previous Post

CoinShares Launches Algorand Staking ETP on Deutsche Börse Xetra

Next Post

Bitcoin and Ethereum Chart Analysis – Next Stop 18,500 USD?

admin

admin

Related Posts

EOS Coin price increased by 24 percent: what is Antelope?
IT news

EOS Coin price increased by 24 percent: what is Antelope?

August 18, 2022
IT news

NASA will use Oculus Rift to help astronauts

August 18, 2022
Apple warns of security vulnerability in devices
IT news

Apple warns of security vulnerability in devices

August 18, 2022
Bitcoin price may rise slightly despite EU record inflation for July
IT news

Bitcoin price may rise slightly despite EU record inflation for July

August 18, 2022
Delivery time for Model Y halved
IT news

Delivery time for Model Y halved

August 18, 2022
Next Post
Bitcoin and Ethereum Chart Analysis – Next Stop 18,500 USD?

Bitcoin and Ethereum Chart Analysis - Next Stop 18,500 USD?

Premium Content

From slow PC to fast PC

From slow PC to fast PC

March 18, 2022
Steam version of Moss adds support for Windows MR

Steam version of Moss adds support for Windows MR

February 11, 2022
The company Japan Display will get Apple’s $100 million investment

The company Japan Display will get Apple’s $100 million investment

June 10, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • EOS Coin price increased by 24 percent: what is Antelope?
  • NASA will use Oculus Rift to help astronauts
  • Apple warns of security vulnerability in devices

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?