Popular crypto trader Credible Crypto expressed positive opinions about Solana, while compared with ETH, he also expressed some reservations. Analyst said that Solana tested the significant level between $ 165-190 and then reached a new summit with approximately $ 293. However, the resistance in the parity he created with BTC was shown as one of the main reasons for the cautious approach to the procurement strategies.
Price movements and test process
According to the analyst’s statements, Solana went to the new summit while he went through important technical tests. This movement, which is observed in price graphics, may have caused positive expectations in the market. It is considered that the price movement, which is horizontal, attracts attention in the short term.
The price discovery of the left/USD parity is experienced, while the left/btc pair has a serious resistance zone. It is stated that the resistance around 0.003 BTC may pose a risk element that can restrict progress. This may attract the attention of investors in short -term transactions.
Analyst explanations
The current transaction price is approximately $ 237. This level is considered an important reference point in the technical analysis of the market. It may be recommended to consider this point in the short -term strategies of investors.
Investigations in the market show that Solana can potentially reach higher levels after the resistance zone is overcome. However, it is emphasized that in purchase decisions, the existing resistance factors and general market dynamics should be taken into consideration.
While evaluations offer positive signals at Solana’s current technical levels, a cautious approach is displayed due to resistance to the BTC. Investors should closely follow the developments, considering possible risks and opportunities.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
