There was little volatility in the market last week. The prices of many tokens acting like a horizontal line. After the release of CPI and FOMC, there are no major economic indicators and meetings last week, which makes both bulls and bears lose momentum again. There are still no major economic indicators released this week. With the arrival of Christmas and New Year, people are enjoying the holidays. The fluctuation will remain.
Finally, we wish you all a Merry Christmas and a Happy New Year.
SOL did not usher in the strengthening of the bulls last week, nor did it enter a narrow range, but was in the process of slowly falling. The price fell through the given support level and approached the year-low . Although there is no red long candle, the power of both bulls and bears has decayed, but the large-scale bearishness makes it difficult to stop falling.
Conclusion: Mostly fluctuation, and there is a certain possibility of falling. SOL's characteristic didn't save him. Price is near year-low. Our conclusion is based on the low volatility of the market. But for SOL, it is still possible to continue to fall. We maintain last week's resistance level at 15 and lower the support level to 11.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Finally, we wish you all a Merry Christmas and a Happy New Year.
SOL did not usher in the strengthening of the bulls last week, nor did it enter a narrow range, but was in the process of slowly falling. The price fell through the given support level and approached the year-low . Although there is no red long candle, the power of both bulls and bears has decayed, but the large-scale bearishness makes it difficult to stop falling.
Conclusion: Mostly fluctuation, and there is a certain possibility of falling. SOL's characteristic didn't save him. Price is near year-low. Our conclusion is based on the low volatility of the market. But for SOL, it is still possible to continue to fall. We maintain last week's resistance level at 15 and lower the support level to 11.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
