The RSI value of the 1-Day chart is 55.38. It means that 
SOL is having good price fluctuation at the moment. But the candlesticks are above 50-day MA now, meaning that the price is heading for a reversal. Moreover, we need to consider that it’s still under 200-day MA.
SOL has broken out of the falling wedge; traders need to wait for a reversal to touch the upper trendline of the wedge to take a long entry. Stop loss can be placed at the lower trendline of the wedge for a better risk-to-reward ratio.
Meanwhile, our long-term SOL price prediction for 2022 is bullish if it cannot break the support level. We can expect SOL to reach $34 this year.
SOL is having good price fluctuation at the moment. But the candlesticks are above 50-day MA now, meaning that the price is heading for a reversal. Moreover, we need to consider that it’s still under 200-day MA. SOL has broken out of the falling wedge; traders need to wait for a reversal to touch the upper trendline of the wedge to take a long entry. Stop loss can be placed at the lower trendline of the wedge for a better risk-to-reward ratio.
Meanwhile, our long-term SOL price prediction for 2022 is bullish if it cannot break the support level. We can expect SOL to reach $34 this year.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.