Market Analysis of SOLUSDT on Monday 13 May 2024

2024-05-13 19:04Source:BtcDana

SOLUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

 SOLUSDT  is running in positive  trend and its immediate  support are 142 to 144.67 level  .Intraday purpose buying is better with stop loss 138 level expecting intraday target 147,148 and 150 level respectively.15 min chart showing simple zigzag abc pattern which indicating solana can jump over 160 level with stop loss 138 level in short term .

 QUICK FUNDAMENTAL LOOK                                                                     

In the early hours of the Asian trading session today, the cryptocurrency market experienced a notable downturn, with an overall drop of nearly 3.5%. However, a swift recovery is now underway, strengthened by impressive surges in leading cryptocurrencies like Bitcoin, Ethereum, and Solana, each gaining more than 1.5% within the last hour alone.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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