Technical Analysis for SOLUSD for 22nd April 2022
Solana Dumps 27% from April Peaks, SOL Ceiling at $112
Past Performance of SOL
Solana is bearish and within last week's trade range, reading from the formation in the daily chart. Even though SOL's prospects are bullish, sellers are in the driving seat, capping advances below $112. SOL is down 27 percent from April 2022 highs at spot rates, finding support at around $99.
Solana Technical Analysis
What to Expect from SOL
The Solana mainnet beta is functional with vibrant dApps cutting across DeFi and NFTs. However, after the super rally of 2021, prices are cooling off. In the immediate term, SOL is bullish above $99.
Resistance level to watch: $112
Support level to watch: $99
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