Solana [SOL]: Here's why a bearish bias makes sense despite bullish momentum
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
The Awesome Oscillator climbed above the zero line and rise higher in the past 12 hours to show bullish momentum on the rise. The trading volume has also been slightly higher than what it was over the weekend.Well, above +0.05 was indicative of significant capital flow into the market. The Fibonacci retracement levels showed some resistance at the $34.34 and $37 levels. Hence, there was the possibility of a move higher.
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