Market Analysis of SOLUSDT on Friday 16 AUGUST 2024

2024-08-16 20:15Source:BtcDana

SOLUSDT  TECHNICAL ANALYSIS SHORT TERM VIEW

   

15 minute chart showing calculations SOLUSDT is running in positive trend and stop loss is 135 level . It can rise towards 158 level   .Intraday purpose buying is better with stop loss 137.50 level expecting intraday targets 144.50 , 145 and 146 levels respectively .Support area is 141 to 148 level .Overall final stop loss for positive trend is 135 level .


QUICK FUNDAMENTAL LOOK

                                                                   

Just months after Ethereum secured its first exchange-traded fund (ETF) approval from the SEC in the United States, the door seems to be opening for other cryptocurrencies. This has sparked excitement in the crypto sector as financial regulators begin to show interest in digital currencies beyond Bitcoin and Ethereum.


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

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