Sao Nana ( Solana ) has risen! It has already reached the 200 mark, can it rise further?


It is expected that there will be some resistance here at 200, and it may pull back a bit. However, I think there is room for a rise, and it may eventually reach 220.

However, ETH has risen too much, and the risk of a pullback has increased, especially near the previous high. Therefore, I currently have no desire to chase ETH. If it approaches the previous high, it would be best if it were a false breakout followed by a drop; then I might short it with a low leverage, expecting a pullback of around 10% or so, which has a pretty good chance.

Anyway, Solana has just started to show strength, and the funds from Bitcoin have rotated to ETH. Once ETH rises, some funds may overflow to Solana. The resistance is around 220, and you can consider taking short-term profits when it reaches this level.
SOL1.41%
ETH-0.19%
BTC0.49%
View Original
post-image
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)