SOL wants to go UP again

Jan 8, 2023

Solana is a decentralized computing platform that uses SOL to pay for transactions.

The Pro's

• Breakout on price
  
• Stoch UP
  
• 6+ divergences
  
• Higher high - trend reversal since november
  
• Good volume
  
• A whopping 85% drawback from top!
  
• Project with still good hype around it
  
• RSI breakout
  

The Con's

• Still significant downward pressure, this could be a dead cat bounce
  
• On USD pair, rating is not so stable. Seems overbought already.
  

NFA. Do your own research. Share your though below.

Jan 8, 2023

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