Market Analysis of SOLUSDT on Friday 12 JULY 2024

2024-07-12 11:50Source:BtcDana

SOLUSDT TECHNICAL ANALYSIS SHORT TERM VIEW

   

SOLUSDT running in negative trend and its immediate strong resistance are 137 to 139 level .   Overall Stop loss is 147 level and it can fall below 116.25 level in short term .Intraday purpose selling is better for targets 136,135 and 133 levels respectively with stop loss 147 level .


QUICK FUNDAMENTAL LOOK

                                                             

On Wednesday, June 10, stablecoin issuer Circle minted USDC worth $250 million on the Solana blockchain.

The injection of fresh liquidity added fuel to market participants’ confidence about the Solana ETF’s impact on the token’s price.


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

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