⚡️ The world's first ETF with SOL staking was recently launched. Already in its first weeks, it is showing inflows, and SOL has grown by more than 25%.
However, it is still further from its ATH than ETH. But in this momentum, SOL may perform better than ETH. Let's figure out why:
➡️ Below the current price, a GAP has formed at $197.39 - $181.64. Unlike other tokens, SOL's growth has been organic and has left virtually no GAP below.
➡️ Money Flow - a divergence with the price has formed. Since liquidity inflows have already exceeded the volumes of the previous ATH, which was set at 295. This shows a huge number of people willing to invest even at such a price.
➡️ Volume - however, purchase volumes continue to decline. This also forms a divergence with the price, indicating a slight decline in buyer interest at the moment.
➡️ Support Resistance Dynamic - a large zone of interest has formed at the $167 - $159 levels. So any initial correction to this level will likely be bought up in an instant. There is also a large level of interest at $187 - $188.
Above that, there is currently no high interest from sellers, which means that unhindered growth can be expected.
📌 What is the result?
Everyone is focused on ETH. SOL is quietly doing its thing again, just like at the beginning of the cycle. There have been no radical changes in ETH, but the price has started to rise, and now everyone considers ETH to be the brilliant super-technology of the future.
This proves how easy it is to manipulate the market and sentiment. You have good technology at a price of $3,800, and the same technology is simply terrible at a price of $1,400.
I would also like to remind you that SOL has been outperforming all other networks in terms of profit for several months now. So I definitely recommend taking a closer look at it.
🔔 By the way in our Trading Community we already make $4.000 only by today! Subscribe if you want to make sure this last impulse of the bullrun will be profitable for you!
Have a nice day, everyone! 🔥
However, it is still further from its ATH than ETH. But in this momentum, SOL may perform better than ETH. Let's figure out why:
➡️ Below the current price, a GAP has formed at $197.39 - $181.64. Unlike other tokens, SOL's growth has been organic and has left virtually no GAP below.
➡️ Money Flow - a divergence with the price has formed. Since liquidity inflows have already exceeded the volumes of the previous ATH, which was set at 295. This shows a huge number of people willing to invest even at such a price.
➡️ Volume - however, purchase volumes continue to decline. This also forms a divergence with the price, indicating a slight decline in buyer interest at the moment.
➡️ Support Resistance Dynamic - a large zone of interest has formed at the $167 - $159 levels. So any initial correction to this level will likely be bought up in an instant. There is also a large level of interest at $187 - $188.
Above that, there is currently no high interest from sellers, which means that unhindered growth can be expected.
📌 What is the result?
Everyone is focused on ETH. SOL is quietly doing its thing again, just like at the beginning of the cycle. There have been no radical changes in ETH, but the price has started to rise, and now everyone considers ETH to be the brilliant super-technology of the future.
This proves how easy it is to manipulate the market and sentiment. You have good technology at a price of $3,800, and the same technology is simply terrible at a price of $1,400.
I would also like to remind you that SOL has been outperforming all other networks in terms of profit for several months now. So I definitely recommend taking a closer look at it.
🔔 By the way in our Trading Community we already make $4.000 only by today! Subscribe if you want to make sure this last impulse of the bullrun will be profitable for you!
Have a nice day, everyone! 🔥
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.