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Solana (SOL) and trendy market mood business
In recent months, the first decentralized public network in the world, Solana has attracted the attention of investors and traders. The crypto market is known for its high volatility and several factors contribute to this mood. In this article, we will analyze the business trends of Solana (SOL) and examine the market mood with indicators and technical analysis.
Trends in the volume of trade:
The volume of crypto -trade trade is a very important indicator of its price action and general demand. The main increase in trade volume may indicate increased interest in investors and merchants, and a decline may be an average acceleration or reduced appetite for investors after assets.
Looking at the current market situation in Solana (SOL):
* TREND: The volume of trade Solany has been increasing in recent months.
* Medium volume:
10.5 million. Sol day
* The range of daily business volume: 400 000 to $ 1.2 billion
Mood on the market:
Mood on the market can be seen using various indicators and tools including graphs, trend lines and technical analysis methods.
Solana (SOL) will analyze the following indicators:
- Reading from 30 to 70 shows too many conditions, while a value of less than 20 shows previous conditions.
* Current RSI: 40
- Bollinger belt (BB): These bands indicate the upper and lower limits of the average prices. If RSI is higher than 50, it may mean ascension or too much. Conversely, when RSI is less than 30, it may offer a decrease or re -submission of the condition.
* Current BB: 35
Analysis of diagrams:
The Solana action scheme analysis reveals several basic models and trends:
* TREND: SOL/USD pair from Foundation to 2021. In July increased higher. This increase is maintained with an increase in trade volume, indicating high demand for assets.
* Support levels: Recently the price has found $ 44.50. If this level remains, it could provide a purchase signal for further price increases.
* resistance levels: Price has been tested and rejected when there is a resistance of about $ 60-70, indicating a significant increase in the increase.
Conclusion:
Analysis of trends in the volume of trade and mood on the market can be an effective way of evaluating the overall direction of Solana (SOL). By observing the growing volume of trade and setting the conditions for the next sale, we can reasonably decide on the purchase or sale of SOL through indicators such as RSI and BB. Analysis of diagrams can also provide valuable information on price trends and resistance levels.
Recommendations:
Based on our analysis, we recommend:
* Purchase: If the trading volume increases significantly and the RSI is less than 20, it shows an extension of the conditions.
* Sale: If the price is interrupted above the level of support, such as $ 44.50 and BB, it is higher than the resistance level, such as $ 60-70.
Rejection of responsibility:
This article should not be considered as investment tips. Business cryptocurrencies are at high risk, including, but not only market volatility, regulation and safety changes. Before deciding to trade, always do your own research, set your budget and consider your own risk tolerance.
Note: The information provided is only for general recommendations and is not adapted to individualized investment tips.
