Solana (SOL), which has been referred to as the Ethereum killer and has seen a return to above $200 after a drop to single-digit prices in the past, may have witnessed a swing failure pattern (SFP) after retracing from $110.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Reward
like
1
Repost
Share
Comment
0/400
Bayindiris
· 2024-08-10 12:02
It is necessary to mention that SFPs generally serve as potential reversal points for analysts and investors. On the other hand, while an analyst indicates that SOL may have completed its ABC corrective wave, he also emphasized that the market correction may have likely come to an end.
Solana (SOL), which has been referred to as the Ethereum killer and has seen a return to above $200 after a drop to single-digit prices in the past, may have witnessed a swing failure pattern (SFP) after retracing from $110.