Solana(SOL)
Solana price in the short term is consolidating hard after falling down from a huge cliff. And hence the possibility of a retest towards the lower levels are pretty high. The price after the bearish breakout from the Falling wedge, the SOL price dipped to $80 support. The RSI went under 30 where it failed to bounce back within the downtrend. However, in the long term, the SOL price manifests a substantial uptrend.
The SOL price is moving as per the plot and initiated a recovery slowly yet steadily. The Asset is consolidating in between $93 to $96 levels from a couple of days manifesting a healthy accumulation. If the asset goes as per the plot then it may witness an interim uptrend and hit the upper resistance at $130. However, a clear possibility of a plunge is seen here as it is one of the high liquidity areas. And many traders could cash out their holdings amid the market FUD. If SOL price makes through these levels, then it may reignite a remarkable bull run.
Also Read: If History Repeats, This is When Bitcoin Price Will Hit New ATH With Alt-Season Gearing Up!
Terra(LUNA)
Terra(LUNA) price is hovering within crucial support levels since the last trading day and an attempt to break through these levels stands rejected. The price from the early trading hours is depleting and again approaching the lower support. RSI in the short-term is drowning and hovering below 40 while MACD showcases an accumulated selling pressure. While in STF the price showcases a bearish trend, in HTF the trend remains a little sceptical.
The LUNA price following a drastic downtrend in the higher time frame is trending within the crucial support levels from the last trading day. While the last day ended on a bullish note, the current day trade appears to be slightly bearish. And hence a strong rebound from these levels is the need of the hour. The RSI in the HTF has manifested a slight divergence from a bearish trend, while the MACD showcases ease in the selling pressure. Therefore, one can expect a notable flip in the next 24 to 48 hours.
