Key point:
Collective Liquid introduced a liquid token on Solana (ground), in partnership with Coinbase, Kraken, Galaxy, Digital Anchorage and Fireblocks. The soil (LSSOL) marked out liquid will be addressed to the growing institutional interest in the network in forecasting of the funds negotiated on the stock market (ETF) based on the US regulatory approval.
Could the growing demand among professional investors propel soil above resistance to general costs? Let’s analyze the graphics to discover it.
Sol price prediction
Sol completed the reverse head and shoulder model with a break greater than $ 159 on Thursday, and the Bulls managed to keep the level during the Retest.
The 20 -day exponential mobile average (EMA) ($ 157) has started to arise, and the relative resistance index (RSI) has mounted near the excessive area, indicating that the slightest resistance path is up.
If buyers maintain the price of more than $ 168, the ground / USDT pair could rise to the resistance of the general costs at $ 185. Sellers should vigorously defend the level of $ 185 because a break above could catapult the pair at $ 210.
This optimistic view will be canceled in the short term if the price drops and breaks below mobile averages. The pair can then fall at $ 144 and later at $ 137.
In relation: Bitcoin digests us
The Bulls have thwarted Bears attempts to shoot and maintain the price of less than $ 159. This suggests that the $ 159 level has been overthrown to support. Buyers have strengthened their position by pushing the price of more than $ 169. The pair could go up to the resistance zone from $ 180 to $ 185.
Time is exhausted for bears. They will have to quickly draw the price below the level of $ 169 to trap the aggressive bulls. This can run the pair at $ 159. The trend will bow in favor of Bears in less than $ 155.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
