@BOMBERuss 12 April 2022 more from that month

#Solana reacts to resistance! Breakthrough failed, trend line retest in progress — Technical Review of April 13, 2022 Breakthrough failed, trend line retest in progress — Technical Review of April 13, 2022 The SOL/USD exchange rate reacted to the $136 level by almost 30% decrease. The resistance was strong. The market took a hit and rolled back down. Unlike, say, ETH/USD, there is no obvious level for the formation of a larger minimum on the older timeframe. From TA's point of view, a recovery to $136 would still be the best evidence of #market strength and the likelihood of a move to $174. $100 is a reasonable level on smaller timeframes, which, apparently, should be facilitated by a round number. But alas, at the time of writing, this rebound looks more or less accomplished and completed. If the market continues to fall, then the next significant level for Solana on the weekly chart is at ~$50. The pair to #BTC does not look so weak, but the main narrative is still a bearish retest of $136 in SOL/USD. In general, the resistance has worked as a resistance, $100 is a decent level at the moment, but longer—term bets may be appropriate #ETH when recovering above $136, or at (significantly) lower levels.