Solana bulls charge and trap short-sellers, SOL targets a return to $110
Solana price action has not been kind to buyers of late. The most recent retest of the bottom of a range first traded back in late January 2022 near the $90 is a testament to SOL’s weakness. Additionally, the rejection against the resistance cluster near $115 weighed heavily on any near-term bullish outlook. But another bullish bounce is now in play and could signal an end to the current downtrend.
Bitcoin choppy price action continues as sellers eye a return to $40,000 for BTC
Bitcoin price dropped below a critical Ichimoku level on Thursday, February 10, and extended the drop into Sunday, February 13. The pullback completed a necessary and expected return to equilibrium within the Ichimoku Kinko Hyo system. Downside risks remain very real and could be significant.
Ethereum may slide to $2,700 before ETH begins a new uptrend
Ethereum price action has fallen below the Tenkan-Sen at $3,000 and the 50% Fibonacci retracement at $2,900. Participation and momentum have dropped significantly on both sides of the market, but the overall near-term trend is lower. Ethereum price closed below the 50% Fibonacci retracement at $2,900 on Sunday.
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