$SOL is still moving upward in contrast to the rest of the market, and you shouldn't be bearish on it, believes cburniske
is a mistake, and what used to be an Ethereum killer still has a breakthrough chance despite the reversal from the local resistance level.
Originally, Burniske highlighted that weakness on the Ethereum/Bitcoin pair with strenghth on the Solana/Ethereum pair is a signal for the prevalence of risk on the market, but the pullback on the market that started yesterday can last long, meaning that the reversal on most assets we see now is not a short-term correction that will eventually turn into the continuation of the trend.
I’d be careful of being overly bearish here, even if we eventually retrace, my expectation is that will be months from now and you know how much crypto can move in a few months However, Burniske says that investors should be careful of being overly bearish here, as Solana and other assets will eventually retrace.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
XRP Funds Keep Seeing Inflows as Crypto Market Ends Bearish StreakLast week saw a continued upward trend for digital asset investment products as $37m in inflows were reported
Consulte Mais informação »
Silver Price Analysis: XAG/USD marches towards 200-SMA inside weekly bearish channelSilver price (XAG/USD) picks up bids to refresh intraday high near $23.55 as it bounces off the five-week low marked the previous day. In doing so, th
Consulte Mais informação »
EUR/USD Price Analysis: Fades bounce off 200-HMA amid bearish RSI divergenceEUR/USD Price Analysis: Fades bounce off 200-HMA amid bearish RSI divergence EURUSD Technical Analysis SwingTrading RelativeStrength ChartPatterns
Consulte Mais informação »
GBP/USD Forex Signal: A Series of Bearish Patterns FormThe GBP/USD price drifted lower as technical chart patterns pointed to more weakness.
Consulte Mais informação »
Solana (SOL) Price Analysis for January 23Should traders expect drop of Solana (SOL) shortly?
Consulte Mais informação »
Ark Invest's Chris Burniske Says Solana (SOL) and Ethereum (ETH) Are Key Indicators: DetailsApparently, $SOL can be used as a risk indicator, according to cburniske
Consulte Mais informação »