![Bitcoin [BTC] bears gain edge against the bulls- Is it right time to short](https://i0.wp.com/consciouscryptonews.com/wp-content/uploads/2023/03/AMBCrypto_An_image_of_a_miner_wearing_mining_gear_at_the_market_2c279ef0-d765-40e7-abfb-7c005fd2d2cb-1000x600.jpg?resize=360%2C180&ssl=1)
Disclaimer: The opinion expressed right here shouldn’t be funding recommendation – it’s offered for informational functions solely. It doesn’t essentially mirror the opinion of U.As we speak. Each funding and all buying and selling includes threat, so you must all the time carry out your personal analysis prior to creating selections. We don’t advocate investing cash you can’t afford to lose.
SOL/USD
Solana (SOL) is likely one of the largest losers at present, falling by 3.70% over the past 24 hours.
On the hourly chart, the worth is coming again to the native assist degree of $15.86. If patrons can’t seize the initiative shortly, the breakout would possibly result in the take a look at of the zone round $15.
On the every day chart, bulls don’t have anything to fret about till the worth is above the assist degree at $15. From one other viewpoint, the speed of SOL couldn’t repair above the $17 mark, which suggests patrons want extra time to build up energy for an additional transfer.
Respectively, sideways buying and selling within the vary of $15-$16 is the extra doubtless state of affairs.
On the every day chart in opposition to Bitcoin (BTC), the worth of Solana (SOL) can be buying and selling above the assist degree. If bulls can maintain the speed above the 0.0009146 mark, one can anticipate an upward transfer to the vital zone of 0.001 by the tip of the month.
SOL is buying and selling at $15.88 at press time.
