Polkadot Price Upcoming Move As The Bears Emerge.
Leave a comment
Your email address will not be published. Required fields are marked *
Solana Preparing For A Big Rally In 2022 - Maybe Over +200%.
2021-12-13 | Daniel Smith
SOL/USD 1 DAY PRICE CHART: SOURCE- COINMARKETCAP.COM
According to Kraken, Solana's latest decline might be seen as a positive indication since the backtesting of the diagonal support could indicate that SOL is preparing for a rally. Many may read the rebound as not just 'bullish,' but also an indication that a challenge of the wedge's barrier may occur in the coming period(s). The research also shows why a prolonged convergence phase is favorable for SOL. Like many other technical indicators, the further it requires for SOL to surge upward while still holding the wedge's uptrend line as support, the further SOL might possibly go before dropping and beginning a downtrend. According to Kraken's chart, a sudden Solana comeback may push the large-cap cryptocurrency beyond $600 by January 2022, implying a more than 255 percent rise from its existing value of $169.
