1
The Solana (SOL) price chart shows the formation of a bullish pin bar candlestick on the daily chart.
2
The daily chart showcases that the SOL price is stuck between the 50 day and 200 day EMAs.
SOL has been trading higher on the second consecutive day and is trying to stretch higher after stabilizing above the 200 day EMA. The price surge may help the crypto recover the recent losses caused after a double top pattern formation near the $200 level.
The daily chart suggests that the SOL crypto loomed sharply after the buyers failed to surpass the $200 level. A double top pattern was observed after which the price dropped breaking below the 50 day Exponential moving average.
Currently, the Solana price is stuck between the 50 day EMA on the higher side and the 200 day EMA on the lower side. The long term trend outlook is bullish until the price is maintained above the 200 day EMA.
However, the short term trend outlook seems to have weake
We współpracy z: https://www.thecoinrepublic.com/2024/04/19/solana-price-shows-consecutive-gains-are-buyers-taking-charge/
