CandleFocus Solana Completes Golden Cross, But SOL Price Takes Dip
2024-10-30
Author: Content Editor
Solana (SOL) has recently experienced a golden cross, signaling potential upward momentum. However, this coincided with profit-taking and Solana's price encountered resistance at $183. Currently, SOL is down 2.28% in the last 24 hours due to broader profit-taking in the crypto market. Solana's previous golden cross in 2023 resulted in significant price gains, but it is uncertain if history will repeat itself. Moving average-based indicators are criticized for being lagging signals. Solana is attempting to rally towards $210, but faces strong resistance at $183. If the price falls below $159, it could indicate bearish pressure.
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