Hello everyone, let's look at the SOL to USDT chart on a single day time frame. As you can see, the price has left the upper downtrend channel.
Let's start with the support line and as you can see the first support in the near future is $20.71, if the support is broken then the next support is $19.82, $19.08 and $18.37.
Now let's go to the resistance line, as you can see the first resistance is $21.61, if you manage to break it, the next resistance will be $22.87 and $24.72.
Looking at the CHOP indicator, we see that the energy is slowly rising, the MACD indicates the entry into an uptrend, while the RSI shows that there is room for continued growth.
Let's start with the support line and as you can see the first support in the near future is $20.71, if the support is broken then the next support is $19.82, $19.08 and $18.37.
Now let's go to the resistance line, as you can see the first resistance is $21.61, if you manage to break it, the next resistance will be $22.87 and $24.72.
Looking at the CHOP indicator, we see that the energy is slowly rising, the MACD indicates the entry into an uptrend, while the RSI shows that there is room for continued growth.