Solana eyes confirm the forecast of increasing demand

Solana Bull On Wall Street


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It is trading above $160 after the death of $150 on Tuesday.
The coin can fall to the $200 level in rich and low supply.

SOLT from today

Solana's derivatives market generated more than $1 billion in 24 hours, with a profit of more than $200 billion. Information obtained from Coonylass Futures demand (OI) fell from $7.7 billion on Tuesday, down from $7.7 billion on Wednesday.

Growing oi impressive future agents representing the national value, retail investors are getting interested in Crypocuentrentrenty. A steady recovery in OI indicates a short-term energy outlook. Otherwise, Solana's recovery capacity may be limited.

Solana bullae short-term rupture of the eye

Solana / American daily chart as Solana failed to break above the psychological level of $200 in the near term. The expander has been widely available since its release for $160 USD.

The relative strength index (RSI) on the 40-day chart remains in the 40s, marking a sailing trend. If the RSI moves from neutral 50, the rally may take a resistance level near $188. Extended Wine Rod hits $200 for the first time since Oct. 25.

However, if the “DOWNUNTINEN” continues to dominate, the rally can break below the $150 support level and break the recent low of $144.

On the other hand, the moving average communication option (MACD) is triggered by the buy signal indicator on the daily chart. This signal usually resides above the blue entry line and encourages investors to increase their exposure.

By allowing SOL to hit the current psychological level of $200, a 22% rally from current levels could occur.

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